Bitcoin consolidates with mild upside bias after Tuesday’s stellar rise.
Bill Baruch expects BTC growth towards $11,500 shortly.
Bitcoin, cryptocurrency No.1, extended a stellar run on Wednesday to trade at $9,720. The bullish momentum led to the Bitcoin market cap increase by over $10B in a single day, reaching $165.5B.
BTC/USD broke above 100-DMA for the first time since the end of January, which makes the long-term picture look bullish enough for the experts to forecast an imminent run towards the next target of $11,500 in the nearest future.
Sourced through Scoop.it from: www.fxstreet.com