Bitcoin Pinches $8,000 as Bulls Gather Strength

After months of Bitcoin bulls powered by the Asian trading market, Bitcoin price this week has been showing the strength of Europe bulls, with Bitcoin briefly breaking the USD 8,000 mark just as office hours began in Central Europe (9:15 am UTC, CoinDesk).

It was quite a turnaround from only half a day earlier when Bitcoin hit its 24-hour low at USD 7,459, and Bitcoin bulls do seem to be gathering strength right now as levels hover well above USD 7,975. Yesterday, analysts were beginning to wonder if the rally had already run out of steam, with several technical analysts producing charts that showed trendlines had already been broken.

Read More at Bitcoin News

Antminer Banner.png