Bitcoin Price Is on Track to Test $8,500 Again


Bitcoin Price Is on Track to Test $8,500 Again
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After days of going back and forth, Bitcoin, the top coin by market capitalization, is vying to hit the $8,500 mark once again in 2019. At the time of writing, the BTC price is sitting at $8,143.51.

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The bulls gain the upper hand

 After going back to the $7,900 level, the Bitcoin price experienced yet another push to $8,200, thus breaking its two-week resistance.

In his most recent tweet, cryptocurrency trader Josh Rager shared his short-term prediction, claiming that Bitcoin is well-positioned to hit at least $8,550. $8,700 could be Bitcoin’s next target if this bullish momentum persists.  

Earlier today, U.Today reported about Coinbase launching its debit card in six European countries, which could serve as a catalyst for the coin’s long-term growth. In other news, Tether recently printed 150 mln USDT, but they haven’t been issued yet.

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Altcoins follow the lead

Speaking of the broader market, Litecoin boasts the most notable gains. As reported by U.Today, LTC has already been on a roll for a couple of weeks ahead of its much-hyped halvening that it will take place this August.

Meanwhile, Cardano, which has been recently pushed out of the top 10 by Bitcoin SV, appears to be today's winner with its 8.45 percent price increase.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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