Chances Are, Bitcoin Will Soon Explode 20% Higher to $8,000: Here’s Why

Despite the brutal crash seen earlier this month, Bitcoin has performed extremely well over the past few days, rallying from the $5,000s to a price as high as $7,000 just the other day. The bullish momentum has petered out over the past few days, with BTC stalling in the mid-$6,000s, but a simple technical factor suggests that the cryptocurrency will soon resume its rally higher.
Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why
Bitco