Bitcoin Price Watch – BTC/USD Soars By Over $1,000, Primed For Breakout In Q2

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Bitcoin Price Watch

Bitcoin Price Watch: Earlier this morning, Bitcoin price surprisingly soared by over $1,000, even surpassing the $8,000 mark at one point. This is the first time in two weeks that Bitcoin price reached $8,000.

As of 12 PM EDT, Bitcoin is trading at close to $7,600. Before today, Bitcoin price has been sitting below $7,000 for the entire week.

According to experts, today’s price movement was likely a result of traders who had previously bet against the cryptocurrency buying back into the market.

“The ratio of short margin trades versus longs has ...

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