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3 Signs Bitcoin's Move Above $7K Might Just Hold

bitcoin above 7k

The world's largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 or about 8% in 30 minutes to break away from what had been suppressive bear market conditions. But entering Wednesday, bitcoin (BTC) is changing hands at $7,438.72 on Coinbase and showing signs it might continue its ascent. In fact, when viewed on longer timeframes, it appears that the trend is changing, this time in favor of the always-optimistic bulls. But just how reliable is this move? So far, there are three general tools traders are using to analyze the markets in a quest to confirm that the change in trend will have staying power.


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