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BTC Forecast: What is Making Bitcoin Soar and What is to Come in Future

From financefeeds.com

Bitcoin (BTC) has recorded an incredible ascending direction in the last three months and has hit new all-time highs nearly every week since mid-May. Coinbase statistics agree with these findings as BTCUSD has surpassed such a critical point as $112,000 on July 10, and has reached even $123,200 on July 14, in only 4 days. Due to that action, price consolidated though still fluctuating between 116,000 and 120,000. This has left investors and traders with one question: is it an indication of impending correction, or just a brief bunk before stairway resumes? Kar Yong Ang, Octa Broker, financial market analyst, has a ... (full story)

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  • Category: Technical Analysis