Bitcoin price just slammed through $17,000 as part of a seven consecutive week rally. The cryptocurrency finally reached what could be the final resistance level before a retest of its all-time high. With the former peak within striking distance, will bulls seize the opportunity and set aflame to cryptocurrency market interest once again?
$17,000 Now An Afterthought, Where Does Bitcoin Go Next?
It is hard not to be bullish on the leading cryptocurrency by market cap. The scarce supply alone is reason enough to pay attention, and when combined with a decentralized financial network revolution and a secure store of value, its potential is near limitless.
Those bearish on Bitcoin could finally be throwing in the towel, now that the cryptocurrency is fast approaching its former all-time high. At the time of this writing, there’s less than $3,000 separating BTCUSD from setting a new record.
Pundits claimed the asset was a bubble, and it would never again recapture the public