A latest report by the Crypto Exchange, based in San Francisco, Kraken published a report for cryptocurrency traders which tell us that a massive bull run is coming for BTC (Bitcoin). According to Kraken, historical techincal charts of BTC/USD Pair are pointing towards an incoming Bitcoin bull rally.
Bitcoin bearish consolidation phase which was started in late 2017 is already ended and BTC has moved out of that bearish phase which hint us a massive upward movement in BTC/USD price in the coming days. Kraken report is confident that if we look at the historical charts, the latest breakout marks when Bitcoin price crossed $10,500 level and crossed $12,000 briefly, could be the start of a significant Bitcoin bull run and it is well supported by macro factors.
Despite some weak hands, the BTC/USD pair not only has maintained support threshold level but also touching the upper resistance levels.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to cryptocurrencyanalyst.com).
Disclaimer: Information found on CryptocurrencyAnalyst is those of writers quoted. It does not represent the opinions of CryptocurrencyAnalyst on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.