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Bitcoin Finally Breaks $8k Range, is a Breakout on the Way?

 
Bitcoin Finally Breaks $8k Range, is a Breakout on the Way?
Breaking News / Bitcoin
  • Bitcoin is no longer in the $7k range!
  • The leading cryptocurrency is now priced at $8,360 following a 5.87 per cent positive change over the past 24 hours.
  • This new price movement comes after a month of lateral trading with some people making claims that a breakout is on the horizon.

We finally can say that Bitcoin is no longer in the $7k range!

Yes, you read that right! The leading cryptocurrency is now priced at $8,360 following a 5.87 per cent positive change over the past 24 hours. This new price movement comes after a month of lateral trading with some people making claims that a big breakout is on the horizon.

That being said, it’s worth saying 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!

Breaking $8k

Numerous traders have called the bitcoin bottom and have a strong belief that throughout the first quarter of this new year, we will see more gains with pushes higher.

Investor sentiment is on the rise following this surge, which is great for the market and the industry. 

Halving

Many people have been expecting the bitcoin halving in May to be the main cause of a bitcoin rally but it seems that we are making gains in advance now!

As per CCN:

“Some of bitcoin’s biggest accumulation phases have been fueled by smart money investors and the so-called whales snatching up BTCs at lower prices. If these constituents are buying, there’s a strong reason to believe that prices have already bottomed.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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