Cryptocurrency
$14,000: Bitcoin Could Set Fresh Post-2017 Highs if it Recaptures Key Moving Average
As reported at NewsBTC, “Bitcoin has been flashing signs of bourgeoning technical strength in the time following its recent dip to lows of $8,100. “From this point, the cryptocurrency has been able to incur a steady climb higher that has since allowed it to once again surmount the $9,000 region. “BTC is now fast approaching […]
As reported at NewsBTC, “Bitcoin has been flashing signs of bourgeoning technical strength in the time following its recent dip to lows of $8,100.
“From this point, the cryptocurrency has been able to incur a steady climb higher that has since allowed it to once again surmount the $9,000 region.
“BTC is now fast approaching a key trend-defining moving average that could play a huge role in determining which direction the cryptocurrency trends in the months ahead.
“One analyst believes that a firm break above this level could be all that is needed for BTC to rally up to fresh post-2017 highs of $14,000. If this climb occurs, it could mark the start of the cryptocurrency’s next parabolic uptrend…”