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Can the Bulls Take Bitcoin to $80K This Week?

From fxleaders.com

Industry experts say that sellers are losing momentum on Bitcoin and that market indicators point toward a long bullish streak. The coin hit $74,8681 (BTC/USD) on Thursday and gained 0.58% from the previous day. Trade volume slowed from the previous session, but strong ETF inflows for the week show that Bitcoin is active and well supported. Diminished selling trends show that realized losses are down to $400 million a day from their previous highs of $2 billion. Sellers are falling away and buyers are stepping in to take over, especially this week as the market recovered from several weeks of selling pressure brought ... (full story)

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  • Category: Fundamental Analysis