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111: Bitcoin in Midst of Powerful Breakout: How Far Will BTC Price Go Past $10,000?! | Crypto News Today
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After an 11% drop last week, Bitcoin (BTC) started to mount an extremely strong recovery on Sunday and Monday. Just earlier today, the the BTC price reached a local high of $9,150, trading 5% higher on the day.
Per Raoul Pal, a former Goldman Sachs executive, this move has allowed the Bitcoin price to break out of “an inverse head and shoulders formation (with a very weak right shoulder, which makes it often more powerful.”