Bitcoin (BTC) has been in a firm uptrend for the past several months and has only recently found itself caught in a period of consolidation after it failed to break above its recently established 2019 high at $13,800.
BTC’s upwards momentum has allowed it to incur strengthening technical formations, and analysts are now confident that it will soon surge past $13,800 and set fresh yearly highs.
Bitcoin Surges Over 5%, But Nears Strong Resistance Level
At the time of writing, Bitcoin is trading up 5.7% at its current price of $12,560 and is up significantly from its daily lows of $11,800 that were set yesterday.
While zooming out and looking at BTC over a one-month period, it becomes abundantly clear that it is in a firm uptrend, as it has surged from lows of $7,500 to highs of $13,800 in late-June, before entering a period of consolidation that has caused it to range between roughly $10k and $12k. Read More at NewsBTC...