FX.co ★ Bitcoin Analysis for April 13, 2018

Bitcoin has been impulsive with the bullish gains since yesterday. At present, the price is currently proceeding with the unchanged momentum towards $8,500 area. Without any strong fundamental news on the Bitcoin, certain bullish pressure is expected to be the reason of the involvement of big investors like George Soros in the market. The more reliability and more efficiency is expected from the crypto market currently which will lead to further bullish pressure in the coming days. As for the current scenario, the price has closed above $7,500 with a daily close which makes it quite more probable for the market to proceed higher towards $8,500 and later towards $10,000 in the future. As the price remains above $5,000-5,500 area, the bullish pressure is expected to continue.