The Stars are Aligning for Bitcoin as It Begins Forming an Ideal “Long Setup”

UB 980x453

Bitcoin is currently bucking the market-wide downtrend and climbing higher, expressing immense signs of strength as it nears $11,000 It is important to note that there is some resistance within the lower-$11,000 region that it must surmount for it to see further upside One factor that may be driving its ongoing upswing is the flight to quality seen amongst traders It appears that investors are fleeing smaller altcoins and more speculative tokens in favor of BTC – which is widely viewed as the safety play within the crypto market As such, one analyst is noting that he believes Bitcoin has further room to run in the near-term Bitcoin and the aggregated cryptocurrency market have witnessed some intense turbulence in recent times. BTC spent two weeks hovering around $10,000 as its buyers attempted to stop a break below this key support level. This created some instability within the altcoin market, which…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE