In the past 48 hours, the valuation of the crypto market increased by $13 billion as Bitcoin moved rapidly from $3,600 to $3,900 by 10 percent. Traders are expecting a near-term pullback following a strong movement in the cryptocurrency market. But, economist and analyst Alex Krüger foresees the Bitcoin price surging fast beyond key resistance levels if the dominant cryptocurrency is able to break out of the crucial $4,200 mark in the weeks to come. The time frame during which Bitcoin can initiate a speedy rally from $3,900 to $4,200 remains unclear as the daily volume of the cryptocurrency market
The post Bitcoin Price to Explode at $4,200, Analyst: Bottom Reached appeared first on CCN
* First published on ccn.com
