Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider

For the past month, Bitcoin has effectively flatlined in an extremely tight consolidation pattern. Prices have been locked in a ~7% range between $8,900 and $9,400. Earlier this week, the cryptocurrency began to resolve the consolidation by inching higher. This culminated in a strong surge higher that peaked on Thursday, when BTC hit $9,650 on leading exchanges. Analysts say Bitcoin has room to rally despite the fact the asset remains below key resistance levels. Bitcoin … Continue reading Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider