{"id":54583,"date":"2020-03-11T23:48:43","date_gmt":"2020-03-11T22:48:43","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=54583"},"modified":"2020-03-11T23:48:43","modified_gmt":"2020-03-11T22:48:43","slug":"heres-why-bitcoin-could-rip-to-the-upside-moving-past-8000","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/heres-why-bitcoin-could-rip-to-the-upside-moving-past-8000\/","title":{"rendered":"Here’s Why Bitcoin Could Rip to the Upside, Moving Past $8,000"},"content":{"rendered":"
Over the past few hours, Bitcoin<\/a> has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900.<\/p>\n While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, then potentially higher to recover some of the strong losses the asset incurred at the start of the week.<\/p>\n Analyst JB recently noted<\/a> that there is a confluence of technical analysis signs suggesting Bitcoin could soon see some strength:<\/p>\n #Bitcoin<\/a> 1D setup: Support level, OTE long zone, VP gap hit, Willy over-sold and potential MACD bull divergence. pic.twitter.com\/3020sXqnUj<\/a><\/p>\n — jb (@blackswan0815) March 11, 2020<\/a><\/p><\/blockquote>\nBitcoin Forms Flurry of Positive Signs<\/strong><\/h2>\n
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