Bitcoin price prediction models vary greatly but one analyst that has been correct on numerous occasions has plotted a path to $70k BTC by the end of the year.
Bitcoin Holding Gains
There has been no pullback since crypto markets erupted a couple of days ago and bitcoin is holding its gains. For the past few hours BTC has been trading just below $8,700 but it started to move again topping $8,800 as it reaches resistance.
BTC price 1 hour chart – Tradingview.com
The Tradingview.com chart shows that the bulls are still very much in control of markets and there has been no dumping this year.
Since January 1st, bitcoin has notched up a gain of 24%; out performing most traditional assets and many of its crypto brethren. Bitcoin dominance has fallen however, following the epic altcoin pump earlier this week. It is currently at 67.5%, its…
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