Bitcoin Price is Already Above $8,100, Traders Eye Retracement

The bitcoin price has increased from $6,863 to $8,167, having reached a new 2019 high and recovered to July 2018 levels. While many analysts predict the bitcoin price will increase to $10,000 in the medium term, in the nearest future, traders have predicted a healthy retracement. [vc_row][vc_column][vc_column_text]According to Josh Rager, the fear of missing out (FOMO), among other factors served as the stimulus of the recent crypto rally. As FOMO subsides from a strong rally, traders expect bitcoin to experience a pullback.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]“The FOMO is real. Bitcoin is currently on a tear & the next target of serious interest is $8,200-plus. High interest remains near $6,400 if BTC decides to cool off & pullback. My dream area to buy would be $5,500 to $5,700 but there’s no promise BTC will hit that low again,” Rager said. Other traders consider that given the bitcoin price increase from $5,000 to $8,000 within one month, a slight correction would be ideal for both the cryptocurrency and the crypto market.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]“Anything in the 6k’s right now is a dream entry. All eyes on $6.8k support. It’s all about consolidating, and establishing a range to leave some room for alts,” another trader said.[/vc_column_text][/vc_column][/vc_row]
https://blog.hyip.com/2019/05/bitcoin-price-is-already-above-8100-traders-eye-retracement/