Bitcoin clocked a 2.5-week high of $8,225 on Bitfinex earlier today and could soon scale the $8,500 mark, the technical charts indicate.
Prices jumped close to 14 percent on Thursday and moved above the $8,000 mark for the first time since March, according to Bitfinex.
BTC margin shorts on Bitfinex stood well above December highs.
The total trading volume across all exchanges jumped above $8 billion yesterday, according to CoinMarketCap.
The trading volume on Bitfinex hit a two-week high.
Further, the price chart analysis indicates a short-term bearish-to-bullish trend change the cryptocurrency looks set to extend the rally.
As of writing, the bitcoin is changing hands at $8,100 on Bitfinex - up 18 percent on a 24-hour basis.
BTC closed yesterday above $7,500, confirming a double bottom bullish breakout and the falling wedge reversal.
The relative strength index has moved above 50.00.
A Minor pullback to $7,600 cannot be ruled out as BTC looks overbought as per the RSI on the hourly chart and 4-hour chart.
Above $8K: Bitcoin Aims Higher After Bull Breakout
gepubliceerd op Apr 13, 2018
by Coindesk | gepubliceerd op Coinage
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