ANALYST WHO FORECASTED LATEST BITCOIN RALLY NOW PREDICTS MOVE TO $18,000

ANALYST WHO FORECASTED LATEST BITCOIN RALLY NOW PREDICTS MOVE TO $18,000

Gate Trade News Wednesday, July 29, 2020 13 0

Bitcoin price has found some notable stability in the time following its intense rally past $11,000 seen yesterday

 

Although the cryptocurrency has not yet retraced following this incredible movement, it does appear to be facing some resistance above its current price levels

 

BTC is now establishing the $11,000 level as support, which is a highly bullish sign according to analysts

 

One prominent trader who forecasted this latest movement is now noting that the crypto could be well-positioned to rally up towards $18,000 in the near-term

 

Bitcoin and the entire cryptocurrency market are cooling off following the intense volatility seen yesterday.