Bitcoin’s bulls have built some serious momentum in the time since the crypto’s capitulatory drop that sent it to lows of $6,500, as they have been able to push its price up towards $8,000, with a break above this level potentially opening the gates for further gains.
The recent rally from $6,500 has also been technically positive for Bitcoin, as it marked a strong defense of a key support level that was in jeopardy, and bull’s ability to hold the crypto above this level may signal that significantly further gains are imminent.
To read the rest of this article, sign in or join CryptoSlate Edge.
Get an Edge on the Crypto Asset Market
Even though the crypto market is fast-moving and often confusing, CryptoSlate Edge can help make sense of it for you. Edge is a yearly membership intended to help you become a more knowledgeable crypto investor and better decision-maker.
Here's what's included in your membership:
Exclusive Articles and Analysis
Get an analytical edge by accessing members-only articles with insights from our researchers.
Private Discord Community
As an Edge member, you will access new articles first and be able to ask our journalists questions in our private Discord.
Access to All Innovative Projects and Curated Sectors
Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.
Enhanced Data In News Articles
See the TradingView price charts and IntoTheBlock sentiment and on-chain data in market analysis articles.
Exclusive Video Interviews with Crypto Founders
Get access to the exclusive recordings of our interviews with founders we use for our articles.
Ad-Free Experience
We hide all advertisements for CryptoSlate Edge members.