Why Bitcoin Claiming This Crucial Level Will Set the Stage for a Move to $11,000

News BTC | May 23, 2020 at 10:00 AM
  • After plunging as low as $8,800 on Thursday, Bitcoin has mounted a slight recovery to $9,300, bouncing back from this week’s shell-shock rumor that Satoshi Nakamoto is liquidating his coins.
  • If BTC manages to close above the level on a daily time frame, it will confirm upside.
  • Bloomberg Intelligence’s senior commodities strategist, Mike McGlone recently identified three fundamental trends indicating that Bitcoin will soon trade over $10,000, confirming the technical requirement for the bullish upside the analyst in the first section mentioned.