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Bitcoin’s Explosive Rally Targets $6,500 Next – Analyst Explains Why

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By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month high this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a bullish trend forming with speculative bitcoin shorts that’s pushing

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* First published on ccn.com

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