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Fidelity Says Bitcoin Price Could Rise After $80,000 Breakout
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Fidelity says Bitcoin has held the floor of its power law curve and has corrected long enough to satisfy the time element of its mild four-year cycle winter. Bitcoin is now testing $80,000 resistance. Fidelity’s Jurrien Timmer said a move above that level would confirm a double-bottom pattern. He also said Bitcoin and gold, which have lagged this year, are now catching up and still have room to rise.
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