Bitcoin has just made a record of the hightest gain in a single day since April this year. Bitcoin price broke yesterday’s key resistance of $4300 today gaining around 11.5% in the last 24 hours which sets the record of the hightest gain in 7 months.
Bitcoin Bulls predicted
In April this year price price of bitcoin was facing a 45% drop when on April 12 the price showed up a rise of 13% in a single day led bitcoin price to rise up to $10,000 in early next month. Analysts are now predicted the same move to happen by december end with an 11.5% rise in a single day after bitcoin price fell down by 44% to a 14 month low of $3400. Bitcoin can reach around $6000 as being predicted by analysts.
Yesterday’s bullish momentum has led to the prediction of price going back above $6000 range where it was stated before the bear attack.
Currently bitcoin is trading at $4413 according to CoinGecko facing the key resistance at $4400 which if broken will cause the price to rise rapidly. The 24 hour gain of bitcoin has led to the bears getting stronger over the bears and has opened up the doors of bitcoin to rise above $5000 and eventually above $6000 where it was being traded earlier this month.
