Bitcoin Price Analysis

This morning, BTC price broke through the $8,500 barrier and hit a high of $8,621.28. Currently, it is trading at around $8,158.85 as of 12:30 PM EST.

Further Gains Ahead?

As mentioned in our analysis yesterday,  a resistance level was established for BTC at $8,300. This was tested earlier today, and a couple of bullish trend lines were formed leading up to BTC’s peak for the day.

This means that the market for BTC has mostly stabilized, especially in light of news that European banks could start holding the leading cryptocurrency shortly. Also, reports …

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