Analyst: Bitcoin prices may rise to $8,500

Coindesk published an article saying that short-term liquidation or liquidation played an important role in the sudden rebound in BTC prices. Its analysts believe that the rate of increase in bitcoin prices is not surprising because the wider the price range, the longer the consolidation zone will last. The higher the level of violence in the breakthrough. The integration phase of Bitcoin seems to have ended and there is a clear bullish trend. Next, if it stays above $7510, it cannot exclude the price of $8,500.

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