The post Bitcoin Shows Signs of Recovery, Analyst Predicts BTC Bull Run Soon appeared first on Coinpedia Fintech News
The cryptocurrency market is flashing red as the majority of currencies are trading down. Bitcoin, the world’s first cryptocurrency, is slightly in the green, trading above $16,700. Ethereum, the second-largest cryptocurrency by market cap, is in the red.
At the time of publication, Bitcoin is selling at $16,735, with a 0.03% gain in the last 24 hours. Ethereum has a 0.10% loss, with a trade of $1,1215.
A Bullish Ride For Bitcoin Soon
Caleb Franzen, a senior market analyst, and renowned crypto analyst have claimed on Twitter that Bitcoin is set to experience a bull run soon. In a chart shared by Franzen, the flagship currency has successfully moved past its support line of $16,686.
#Bitcoin successfully retested the former support trendline.
Will it act as resistance? I think there’s a solid chance that it will.
I’ll be flexible, as always, but I don’t see the need
We współpracy z: https://coinpedia.org/bitcoin/bitcoin-shows-signs-of-recovery-analyst-predicts-btc-bull-run-soon/
