The king of cryptocurrency Bitcoin BTC is moving into the greens with speed and Bitcoin price is hitting past $7000 mark. At the time of writing, the BTC price is standing at the $7277 mark.
This is the second time in the past 5 days that the king of cryptocurrency has hit above the $7000 mark. On the 2nd of April, BTC price the $7233 mark but unable to sustain in the flashy high and low it went on to form a head and shoulder formation on the 3rd and 4th of April. BTC price has been moving below the $6900 range since the 4th of April.
Bitcoin price chart by Trading View
Bitcoin was trading at the $6800 range at the start of the day however, the price kept climbing gradually, while $6600 is serving as a very strong support level since the 2nd of April.
Bitcoin price movement: What to expect?
Prominent cryptocurrency analyst on Trading View Trading Shot believes that the king of cryptocurrency has hit the recent high while almost completing three straight green closings on 1W candles.
Bitcoin price chart by Trading View
This is certainly a bullish signal, having also reached the 0.618 Fibonacci retracement level from the $10500 High. This is a highly bullish sign that expects the Bitcoin price to move up to the $10000 level, however, on the other hand, BTC price has always been very volatile.
