Bull Case Strengthens? Bitcoin Price Remains Bid Above $8K

Bull Case Strengthens? Bitcoin Price Remains Bid Above $8K

Bitcoin’s quick recovery from the minor wobble seen in Asian hours has strengthened the bull case scenario, technical charts indicate As of writing, CoinDesk’s Bitcoin Price Index (BPI) is at $8,165 – up 3.9 percent from the overnight low of $7,573. That said, the cryptocurrency is still down 3.7 percent from the previous day’s high of $8,582. On Coinbase’s GDAX exchange, BTC clocked a high of $8,650 yesterday before a technical failure at key trendline resistance pushed prices back to $7,535. However, the dip was short-lived and the cryptocurrency moved back above the $8,000 mark this morning and was […]

Leave a Reply