Bitcoin Watch – Bitcoin pushes above USD8,200 breaking current trend

    Bitcoin has finished off the week strong, rising to USD8253.68. According to Cointelegraph.com, “Bitcoin bulls will need to see the price maintain its trend above $8,120 to break out of the current downtrend, and a break above $8,550 would lead us towards our next level of resistance on the weekly Bitcoin chart.” Cointelegraph also shared a prediction from the CEO of Euro Pacific Capital, Peter Schiff which stated: “The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K!”

    Stay updated here with how the cryptocurrency is tracking: