RATE Group | Bitcoin to Target $8,400 After Posting “Big Time Bull Break”
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Bitcoin to Target $8,400 After Posting “Big Time Bull Break”

02 Apr Bitcoin to Target $8,400 After Posting “Big Time Bull Break”

Posted at 18:11h in Bitcoin News by

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In a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with this rally allowing bulls to significantly bolster their near-term technical situation.

Analysts are now widely noting that the strength of this movement is likely to lead it significantly higher, with short positions getting punished.

One prominent veteran trader is now noting that he believes Bitcoin is poised to rally all the way towards $8,400 in the near-term, as it just confirmed a highly bullish technical pattern.

Bitcoin Sees Explosive Movement as Bulls Catalyze Massive Upside 

At the time of writing, Bitcoin is trading up just under 13% at its current price of $7,020, which marks a notable climb from daily lows of $6,200 that were set during its bout of sideways trading within the lower-$6,000 region.

Analysts are now widely noting that Bitcoin is well positioned to see a continuance of the upside that was catalyzed by this movement, with Big…

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