Good news for the crypto market with Bitcoin breaking 108K
Most digital cryptocurrency news portals have reported that Bitcoin broke USD 108,000 for the first time in two weeks of extreme uncertainty, with volume with upward projection proving to be a boon for bullish investors.
According to information reported in Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair suddenly jumped beyond USD 106,000 on Friday, just two hours after Wall Street's opening produced quick gains.
This recent price action Bitcoin experienced generates some reassurance among retail investors, as it confirms a potential accumulation channel that from my perspective will last for a couple more months before looking for a new upside target.
It has been emphasized that amid a confusing short-term environment, many took the opportunity to reiterate higher price targets in the time frame.
On the other hand, ETH added nearly 30% versus April lows while altcoins did the same, with Ether (ETH) rising more than 10% on the day to round the $2,600 mark.
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