RATE Group | Why Analysts Across the Board Expect Bitcoin Price to Surge by 8%
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Why Analysts Across the Board Expect Bitcoin Price to Surge by 8%

23 Dec Why Analysts Across the Board Expect Bitcoin Price to Surge by 8%

Posted at 07:22h in Cryptocurrency News by

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After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.

Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs In

As of the time of writing this, the top cryptocurrency is trading for $7,400, seemingly poised to break higher as these levels hold. In fact, a number of prominent analysts expect for BTC to see an 8% bounce in the coming days, citing simple technical and charting factors.

Analysts Expect 8% Bitcoin Price Jump 

According to Amsterdam Stock Exchange trader Michaël van de Poppe, Bitcoin’s outlook for the coming week is looking bright, despite the expectations by some that the cryptocurrency will see a red week.

The CoinTelegraph contributor and professional analyst noted that the green box depicted below has held as support, which marks the range low. Due to this bullish…

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