Analytics: Bitcoin Price Bottom is Close, Bullish Reversal to be “Strong”

Analytics: Bitcoin Price Bottom is Close, Bullish Reversal to be “Strong” | NewsBTC

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week back. While some say that the fact that Bitcoin failed to crack the key resistance near $8,000 is decisively bearish, analytics companies in the industry are starting to believe that a bottom is forming.