BTC/USD is growing steadily, long-term trend line in focus. Mati Greenspan form eToro expects a strong rally. Bitcoin settled above $7,700 during early Asian hours, off Monday’s high registered at $7,809. The digital con No. 1 is trading with bullish bias, instigating optimistic forecasts from cryptocurrency analysts all over the world. Bitcoin is going to have its first green month since February with over 2.5% of gains – something to write home about. “We might just be on the cusp of the largest bitcoin bull run in history,” the senior analyst at eToro Mati Greenspan wrote in his Twitter account. Further in the comments he explained that that currently the rally is no different from the correction in April and February, but if the massive rally realizes all previous growth attempts would pale in comparison. ” So far it’s not. However, if we do see a massive surge over the next year, all three of these months will be flat on the chart.” Bitcoin’s technical picture From the long-term perspective, BTC/USD is creeping towards the sloping trend line from May 5 peak reached at $11,645. Currently it is registered at $7,880. A sustainable movement higher will signal that the bearish trend is over and bulls are about to get the situation under control. On the downside, the critical support comes at $7,300, followed by psychological $7,000. If it is broken the technical picture will worsen significantly. BTC/USD, the daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Copper: Supply risks suggest near-term upside – TDS FX Street 5 years BTC/USD is growing steadily, long-term trend line in focus. Mati Greenspan form eToro expects a strong rally. Bitcoin settled above $7,700 during early Asian hours, off Monday's high registered at $7,809. The digital con No. 1 is trading with bullish bias, instigating optimistic forecasts from cryptocurrency analysts all over the world. Bitcoin is going to have its first green month since February with over 2.5% of gains - something to write home about. "We might just be on the cusp of the largest bitcoin bull run in history," the senior analyst at eToro Mati Greenspan wrote in his… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
