Bitcoin Price Will Hit $11,000, Predicts a Bigwig

Improving technical bias for bitcoin could have it touch the $11,000 level pretty soon, believes Mohit Sorout of Bitazu Capital – a Bengaluru-based Alpha hedge fund. The partner predicted the upside action after studying bitcoin based on Fibonacci retracement levels. As he noted, the cryptocurrency lately bounced wildly from 61.8 percent Fibonacci level. Earlier before,…

Bitcoin Rises $780 in 4 Hours; What’s Driving the Pump

After registering a dismissive performance late last week, bitcoin has opened Monday with a bang. The bitcoin-to-dollar exchange rate surged by $780, or 7.88 percent, to establish its intraday high towards $10,680, according to data provided by CoinStats’ cryptocurrency portfolio management app. The move uphill appeared technical – wherein traders found psychological support around the…