Bitcoin Poised To Post Strongest Weekly Gain Since February

[PRIBO247]

Bitcoin (BTC) is poised to post its strongest
weekly gain since February, as the largest crypto
currency maintains the bullish momentum it
gained after hitting a 15-month low of $3,122
over the weekend.
It has been a dramatic rebound for Bitcoin since
then.
In a six-day period starting Sunday, it
strengthened by around 27 percent.
If BTC closes the week with a gain of more than
22 percent, it will be the strongest seven-day
performance for the softcoin since February.
Continuing the pace of a stronger recovery rally,
Bitcoin price crossed the psychological hurdle of
$4,000 for the first time in 10 days Thursday,
and hit a two-week high of 4151.
Bitcoin was trading at $4002 on Coinbase at
10.25 am ET Friday.
Not only Bitcoin, the cryptocurrency market as a
whole witnessed the strongest week of trading in
months, with Bitcoin Cash (BCH) up by 115
percent since December 16.
BTC has established a bullish reversal pattern,
and if the price remains in a solid uptrend, it
could rise further, some crypto experts say.
The focus now is on the next major resistance
level of $4,400.
The current recovery trend is happy news for
traders of Bitcoin, as it was mostly running
bearish in the past year, and never showed signs
of a recovery to take it back to anywhere near its
dream price.
From its December 2017 peak of nearly $20000,
BTC has fallen by more than 80 percent within a
year.

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