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Bitcoin Hits $8.5k - Is a Bull Run Around the Corner?

 
Bitcoin Hits $8.5k - Is a Bull Run Around the Corner?
Breaking News / Bitcoin
  • Once again we are being teased by the Bitcoin gods as the leading cryptocurrency has just surpassed $8.5k once more.
  • In terms of the price, the leading cryptocurrency is performing very well on the day with a 5.28 per cent positive movement over the past 24 hours.

Once again we are being teased by the Bitcoin gods as the leading cryptocurrency has just surpassed $8.5k once more, fueling many investors minds with the hope that we will see the king coin at $9k by the end of the week, or at the very latest the start of next week.

We all know how prone Bitcoin is to fluctuations so it would be foolish of us to not to say that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

Tease 

We saw the flagship currency rise above $8k last week however it seemed that we were teased once more as the price sunk down below the key resistance level and back into the $7k range… until now. 

In terms of the price, the leading cryptocurrency is performing very well on the day with a 5.28 per cent positive movement over the past 24 hours leaving it with a price of $8,556 at the time of writing. 

Analysts have commented on the surge with one saying:

It will be interesting to see how this situation plays out and where the bitcoin price will be in the near future. For more news on this and other crypto updates, keep it with CryptoDaily!

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