Bitcoin Just Posted an Ultra-Bullish Weekly Close; Here’s Where It May Go Next

btcusd 1 980x439

Bitcoin saw a notable influx of buying pressure yesterday that helped send its price rocketing towards $11,000 The strength of this movement was notable, and BTC has yet to surrender any of its recent gains to sellers Despite the technical strength currently being expressed by Bitcoin, it is imperative to note that it remains caught within its mid-term range This trading range has been formed between $10,200 and $11,200 One analyst is now noting that yesterday’s weekly candle close was tremendously bullish and that a move into the $11,000 region is imminent Bitcoin and the entire crypto market have been able to move higher throughout the past 12 hours. This slight upsurge came about in the minutes following Bitcoin’s weekly candle close, which was relatively strong and set the stage for this upwards momentum. Where BTC trends in the mid-term, however, has yet to be decided, as the cryptocurrency has…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE