Bulls are charging at full speed that has the Bitcoin price crossing the $6,700 mark with a $5.45 billion daily trading volume. Meanwhile, experts share their price forecast for Bitcoin price.
Bitcoin crosses $6,700 mark, $8k is the new level
Bitcoin is painting a bullish picture right now. As a matter of fact, the entire crypto market is in the green even at a far more rapid pace than Bitcoin. At the time of writing, Bitcoin has been trading at $6,730 with over 4% profit. Today’s trading range has been between $6,473 and $6,745.
Bitcoin 1-Day Chart, Source: TradingView
The point worth noting here is apart from Bitcoin price, the daily trading volume has taken a good surge as well. From $3.26 billion on September 16 to $5.45 billion at the moment.
The world’s leading cryptocurrency has been through significant ups and downs this month. As for this year, the ride has been constantly on the downwards with a few upward trends in between.
Bitcoin 2018 chart, Source: TradingView
According to Forbes report, there are two prices that need to be followed closely. According to the average of Hayes’ and Wheatley’s models, $5,613.89 is the way to go that is “beginning to converge closer to Bitcoin’s actual price.” As for Market Model, that combines Hayes’ and Wheatley’s models, $8,931.47 is the number.
Experts call out a massive price forecast
To start with, this interesting and bullish Tweet from Binance CEO, Changpeng Zhao:
— CZ Binance (@cz_binance) September 21, 2018
Former macro hedge fund manager and founder of crypto asset management firm Galaxy Digital,