Currently, the dominant BTC is consolidating over the comfort levels of the Bull-Runners in market, instilling a lot of confidence for traders and investors. We saw some of the top alternative cryptocurrencies rally over the stability that the flag-bearer gained in the week.
Adding to the above, we also saw the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, praising of multiple benefits about cryptocurrency and she envisages a large scale shift from government issued currencies toward cryptocurrency.
BTC post the climb above the long-ranged line of resistance has been consolidating between the range of $7,700 - $8,400
The BTC price is expected to approach the resistance line of 8344 before plunging to the level of 7300$ ( D - )
Medium Term Bias - - $12,000