After its disastrous performance in July, Bitcoin started August on a high note by surging to the $10,400 level. At the time of writing, BTC is trading at $10,453 with a five percent daily increase, according to CoinMarketCap data.
Trading expert Josh Rager now claims that August could turn out to be a good month for Bitcoin.
$BTC... finally some nice follow though for Bitcoin— Josh Rager 📈 (@Josh_Rager) August 1, 2019
A close above previous 4hr resistance is a nice sign
The good news about the death cross is that it leads to a golden cross as the 50MA is already starting to turn up
August could turn out to be a good month for price, IMO pic.twitter.com/4RmfJh1uEN
Meanwhile, cryptocurrency research boutique Delphi Digital recently released a new report, which explains that monetary easing around the globe will push the Bitcoin price to new highs this year.