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Bitcoin Could Target $10,000 If It Can Hold Above $8,500
On Sunday night during quiet trade, Bitcoin rallied 7% within an hour to take it to fresh highs and see the crypto currency higher on a year over year basis for the first time since November. Given the strength of the underlying move and the fact that, when Bitcoin moves, it can do so without looking back, we’re looking for prices to extend its rally and head for 10,000. And there are a few technical observations which are supportive of this bias. Since April, when Bitcoin broken to 5-month high, all but one daily range at 10% or above has been bullish to underscore that bulls remain firmly in control. We can also ... (full story)
