Analysts Roar As Bitcoin Tops $6,700, Short Squeeze May Sustain Crypto Rally8.6

No. Way. Bitcoin (BTC) just hours ago moved above $6,700 and even flirted with $6,800 on some crypto exchanges. Although many have been absolutely enamored with this move, some have been left asking: Is the cryptocurrency moving too far too fast? Let’s take a look at some analysis.

Over the past five weeks, Bitcoin has been in a decidedly bullish trend. Ever since the asset broke past the key $4,200 resistance level and its 200-day moving average, some, like Fundstrat’s Tom Lee, have proclaimed that BTC was in a “bull market”.

Original source
https://www.newsbtc.com/2019/05/11/analysts-roar-bitcoin-tops-6700-crypto-rally-sustained/

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