Bitcoin over the past half an hour has gone bonkers and has risen by $1000 and now trading at $8000 (at press time), just half an hour ago, Bitcoin was trading at $6900 with almost no hope in sight.
At 10:35 UTC, Bitcoin was trading at $6855 and now shoots up by 13%. Although there has been a slight pullback, the momentum seems to be back in the game, with all altcoins gaining a few percents as well.
Mandan Moore a crypto investor says,
“Everybody wanted a reminder of what Bitcoin can do and now here it is. Boom mofos!”
A falling wedge / a descending triangle had chart analysts predicting Bitcoin to drop or gain by $1000 in the next couple of days. The current gain indicates a possible bull run for other altcoins as well.
Paul Jerez, a financial advisor says,
“This small stint of rising to $8000, even if it comes back to trade at $7500 proves what Bitcoin is capable and a reminder to the community of why they have invested. HODL is key, the markets are bouncing back.”
Subscribe to AMBCrypto’s Newsletter