BTCUSD Bitcoin

Bitcoin is setting its sights on a weekend breakout above $11,000 following a positive week that has seen it springboard from just beneath $10,000. Closing a daily or weekly candle above $11,000 would trigger a period of continuation to the recent high of $12,500, which remains a bitter point of resistance. The recent rise from $10,000 coincides with record-levels of investment from the likes of MicroStrategy, who revealed a $235 million purchase of Bitcoin earlier this week. This level of institutional investment has the potential to lift Bitcoin into a new paradigm, with the current market cap of $200 billion considered to be relatively small if Bitcoin truly becomes a store of value and a hedge to the traditional financial ...
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