GettyBitcoin has been following a steady, upward trajectory as of late, recently approaching the key $6,000 price level. In addition, the cryptocurrency has displayed "fundamentals-driven bullish signals," such as "price momentum, infrastructure development" and "institutional interest" for "several months," according to a recent report released by prime dealer SFOX. Bitcoin's Significant Upside PotentialAs long as existing trends continue, bitcoin should soon surpass $6,000, which several analysts have identified as a key price level. John Todaro, director of digital currency research for TradeBlock, offered a similar point of view, describing $6,000 as a "key price level for bitcoin." Disclosure: I own some bitcoin, bitcoin cash and ether.

Source: Forbes May 09, 2019 00:03 UTC