Bitcoin (BTC) bulls push the price to the highest level since July 2018
- 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
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
