Home Blockchain News Bombastic Bitcoin Price Nears $7,000 in Big Parabolic Rally, is $8,000 Next?

Bombastic Bitcoin Price Nears $7,000 in Big Parabolic Rally, is $8,000 Next?

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By CCN: The bitcoin price has climbed to $6,964 on the day’s peak in major markets like the U.S., recording a staggering 9 percent rise within 24 hours, bringing its one month gain to 23 percent and fueling the crypto market. Traders were initially cautious about the near-term price trend of bitcoin as large resistance served as a potential roadblock for the asset to continue its upward momentum. The bitcoin price comfortably broke out of the $6,000 level, climbing to September 2018 levels at nearly $7,000. What’s Next For Bitcoin? Year-to-date, bitcoin has gained more than 84 percent, outperforming most

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* First published on ccn.com

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