Fri, 08/02/2019 - 06:49

Bitcoin Starts August with a Bang as Its Price Surges Past $10,400

The bulls might be finally out of the woods as Bitcoin is vying to hit $10,500

Cover image via 123rf.com

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

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
— Josh Rager 📈 (@Josh_Rager) August 1, 2019

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.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

Bitcoin Price Prediction

Cryptocurrency Market

Alex Dovbnya

Alex 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. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.