Last week marked the end of the technical correction – Bitcoin is on the rise again. However, reaching a new record high, it’s now fluctuating around $8000.
$8K is a sort of resistance line. Bitcoin is still slightly overbought – so, technically speaking, we might see another drop to $5500. If the $8K line is crossed, going all the way up to $10K is quite a possibility.
Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.