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Bitcoin could surge to $14,000 as short-term momentum improves, technical strategist Katie Stockton says

From markets.businessinsider.com

Bitcoin climbed as much as 8% on Wednesday following news that PayPal would follow Square and allow its users to buy, sell, and transfer the cryptocurrency. The development was considered a big one by many crypto investors, including Galaxy Investment Partners CEO Mike Novogratz, who tweeted that major banks will likely take the same path as PayPal and that "we have crossed the rubicon people." From a technical perspective, Fairlead Strategies founder Katie Stockton sees more upside ahead in bitcoin, according to a Wednesday note. The technical strategist highlighted that bitcoin prices "have gained short-term ... (full story)

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  • Category: Technical Analysis