For more than a week now bitcoin's value have been swinging around 8k and counting. Indeed a good sign that bitcoin is fighting towards higher value from being down at 6,900 on the first week of april.
Will it be holding on to 8k for the next couple weeks or will it surge amidst of mid year or fall down again.
Hey Bitcoins Analysts whats your opinion..
For those who wants to track the price of bitcoin, this would probably help you.
https://www.coindesk.com/price/BTC is finding some solid support at $8k.
The major resistance of $8300 at which BTC hung around for a long while was broken, and today we see the price moving from $8.5k to $8.8k with a 6% gain in the past 24h. Seems like a solid rally and should last some longer.
We may test the $9k support by the end of today, and if broken, will probably trigger prices to go up straightaway to around $9.2k before correcting down.
Just beware of fomo buying in these situations, price is indeed increasing fast, but I feel like the resistance is still extremely strong at 5 figures and it'll be hard to crack that during this pump. That may lead to a sizable correction/dump at the end.