Report by Crypto Exchange Kraken

Bitcoin (BTC) bull rally is coming – Report by Crypto Exchange Kraken

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.

Report by Crypto Exchange Kraken


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