Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Lenipiw on October 12, 2020, 10:31:33 PM
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Bitcoin’s newly found bullish momentum has traders targeting $12,000 and above. Bitcoin (BTC) price had been acting inside a narrow range for the last few weeks but the momentum and trend shifted as a bullish breakout occurred on the announcement that Square had allocated 1% of its cash reserves to BTC.
This bullish breakout even caused the price to rally from $10,600 to $11,500, which is almost $1,000 in a few days.
Despite this strong upside move, traders are still cautious as they are unsure whether the bullish momentum is back or if this is just a temporary blip.
Visit here: https://cointelegraph.com/news/17k-bitcoin-price-a-real-possibility-if-bulls-flip-12k-to-support