- Bitcoin price in the latter stages of trading on Monday is pushing further to session highs, gains of over 11%.
- BTC/USD has jumped to the highest level seen since July 2018.
The Bitcoin price is extending to the upside printing fresh sessions highs, as it looks to solidify the $8000 price return. It is trading up to a big double-digits on the day, up some 11% at the time of writing, as the bulls maintain their strong upside momentum.
BTC/USD has pushed up to the highest levels that have been seen since July 2018. The price is now up a whopping 130% since the start of 2018, most certainly solidifying that the price is well within a solid recovery mode.
The market bulls are eyeing the next major target area, between $8000-8500, the July 2018 high region. Should there be enough buying interest to take the price back through the noted barrier, then there could be a fast return to $10,000.
BTC/USD weekly chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.