After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.<\/p>\n
As of the time of writing this, the top cryptocurrency is trading for $7,400, seemingly poised to break higher as these levels hold. In fact, a number of prominent analysts expect for BTC to see an 8% bounce<\/a> in the coming days, citing simple technical and charting factors.<\/p>\n According to Amsterdam Stock Exchange trader Micha\u00ebl van de Poppe, Bitcoin’s outlook for the coming week is looking bright, despite the expectations by some that the cryptocurrency will see a red week<\/a>.<\/p>\n The CoinTelegraph contributor and professional analyst noted that the green box depicted below has held as support, which marks the range low. Due to this bullish sign, he went on to say that he wouldn’t be surprised if Bitcoin makes another push to the $7,800 to $8,000 resistance region “later next week.” A move to this area would mark an 8% rally from current prices.<\/p>\n $BTC<\/a> #BITCOIN<\/a><\/p>\n Green zone held for support here, which is the range low.<\/p>\n Currently at potential local resistance. Wouldn't be surprised with continuation of ranging for the coming days, before we make another push to $7,800-8,000 resistances later next week. <\/p>\n All in all, good. pic.twitter.com\/vyumXpruOh<\/a><\/p>\n — Micha\u00ebl van de Poppe (@CryptoMichNL) December 22, 2019<\/a><\/p><\/blockquote>\nAnalysts Expect 8% Bitcoin Price Jump\u00a0<\/strong><\/h2>\n
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