Despite facing some instability earlier this week, Bitcoin has been able to post a decent recovery from its recent lows and appears to be consolidating before it makes another large price movement.
Analysts are now noting that Bitcoin has posted its best monthly close since 2017, which may support the notion that BTC is currently in the early stages of the next major bull movement that sends the crypto surging higher.
At the time of writing, Bitcoin is trading up just over 1% at its current price of $8,510, which is down slightly from its daily highs of $8,600 which were set earlier today.
Further Read: https://www.newsbtc.com/2019/06/01/after-posting-best-monthly-close-since-2017-bitcoin-may-be-posed-for-significantly-further-gains/
Many analysts continue to project their very positive position that bitcoin will soon rise and this time around it can a huge jump. I am sure they are referring to the $10,000 barrier zone...which many expect can be clobbered by bitcoin in matters of weeks. Do you agree with this assessment or you think there can be a big correction first?