Bitcoin in Bull Territory? Some Analysts aren’t Sure

0
37

Bitcoin

Bitcoin (BTC) has made some serious upward movement in the last few days. In less than 24 hours, the world’s largest cryptocurrency shot up over 40% to $10,350, having traded as low as $7,300 the previous day. The undoubtedly bullish movement represented BTC’s fourth-largest single day movement ever, and the biggest since 2011. However, some analysts are calling for caution and have warned that the movement is not an indicator that Bitcoin has moved out of its recent four-month bearish trajectory.

Analysts Say Bitcoin Bulls Jumped the Gun

Twitter analyst Credible Crypto argues that the “bulls …

Read The Full Article On CryptoCurrencyNews.com

click to read more 37 - Bitcoin in Bull Territory? Some Analysts aren’t Sure

logo CryptoCurrencyNews mi 37 - Bitcoin in Bull Territory? Some Analysts aren’t Sure

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

MUST READ  Analysts Forecast Bitcoin (BTC) Price Heading for $9k, BitMEX Under Investigation