Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls
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https://www.newsbtc.com/2020/08/01/432966/?utm_source=rss&utm_medium=rss&utm_campaign=432966
Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC's price action over the past 10 days from TradingView.com Analysts say that Bitcoin breaking past $11,500 increases the potential