The Leading cryptocurrency Bitcoin has been growing strongly for a week. The cryptocurrency market has turned into the green after Bitcoin Price broke above critical $11,000. On August 4, for the first time in 21-days, bitcoin rose above $11,000 after regaining the recent loss.
These crypto bulls triggered the crypto market as a result currently the major altcoins are also enjoying slight growth. Among Top 20 Crypto market, Monero is the second leading cryptocurrency with 5% growth, followed by Bitcoin SV and Tron with 4% spike. The total capitalization of all digital assets in circulation surpassed to $300 billion.
According to coinmarketcap, The BTC/USD trading pair has gained nearly 8% of its value in the last 24 hours. At Press time Bitcoin is currently trading at $11,557.91 with $206,407,625,855 market cap, and 24 – hour volume $19,436,550,555.
The Technical indicators are said to favor a new bull run. The key Resistance Levels are seen at $12,500, $12,700 and $12,900. Relative Strength Index (RSI) stays on the overbought territory.
Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin price will break $15,000 this week.
Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.” He also believes that confidence in central governments, central banks, and centralized fiat money are at the lowest level they have been in a decade
He further claimed that :
“I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation doesn’t equal causation, but whenever I burn a few thousand $USD, BTC price goes up significantly.”
Previously, Keiser believed that the digital asset will eventually replace gold as a better investment and beat the returns of all asset classes.
Where do you think Bitcoin price will be going to the next few weeks?