Bitcoin rises from $6,000 to $8,000 within five days

Bitcoin rises from $6,000 to $8,000 within five days
# 14 May 2019 11:52 (UTC +04:00)

The bitcoin price has increased from $6,863 to $8,167 by more than 19% in the past 48 hours. As bitcoin achieved a new 2019 high and recovered to July 2018 levels, analysts pointed toward $10,000 as the next likely target, ONA reports citing CCN.

The abrupt price movement of bitcoin from around $7,000 to more than $8,000 follows the caution of a relatively large number of technical analysts regarding the demonstration of oversold conditions by bitcoin’s technical indicators.

Analysis

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THE OPERATION IS BEING PERFORMED