Bitcoin Price Watch: Currency Jumps to $6,700
It’s lastly occurred! At press time, the daddy of digital foreign exchange has leapt to the $6,700 mark and conquered its latest plane of resistance.
After weeks of analysts going at it (Will bitcoin attain $6,700? Will bitcoin attain $6,700?), it appears the foreign exchange has defeated its latest obstacle. Now, $7,000 may merely be in bitcoin’s midst, and many are hoping the amount may very well be graced inside the following few days.
On the an identical time, it appears bitcoin isn’t completely out of the darkish merely however. One provide mentions there are nonetheless risks posed to the crypto chief, nonetheless acknowledges that $7,000 is a doable objective. The availability reads:
“BTC risks falling beneath $6,341 (double bottom neckline – former resistance-turned help, the lower end of the shopping for and promoting differ) as indicated by the bearish setup on the hourly and four-hour chart. Acceptance beneath $6,341 would abort the bullish view put forward by the double bottom breakout, bull flag…