Published on July 20th, 2018 | by bitcoin0
$8k in near, 4 Blocks Anticipate Reassured Bitcoin Bulls
With no price pullback happening in the wake of Tuesday’s sudden surge, the technical charts indicate bitcoin could soon close in on this key psychological benchmark.
As the trading range tightens and the technical indicators regain composure, the probability of bullish continuation increases.
At press time, the CoinDesk Bitcoin Price Index shows bitcoin is changing hands at $$7484.06 up 0.18 percent on a 24-hour basis.
Bitcoin (BTC) has been in a clear consolidation mode since the conclusion of Tuesday’s rally, but the daily bias remains bullish.
The short-term bullish view will only be negated if price finds acceptance below the inverse head-and-shoulders neckline of $7,838.