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Bitcoin shoots back above $7000 jumping a chunky 7%
Bitcoin price has surged higher on Thursday, as life is kicked back into the bulls, with the price jumping back above the psychological $7000 mark. A range breakout through the supply of $6500-6800, inviting a wave of buying pressure, which was a huge barrier that had been proving to cap BTC/USD. The price via the 60-minute chart view had been narrowing for most of the day, trading conditions were very much tight. Given the price behaviour is was prone to a breakout, having formed a bullish pennant structure. Market bulls were able to capitalize on this, which invited the most recent strong wave of buying pressure. ... (full story)
