Stock Trader Sees Bitcoin Hitting $14K on “Re-Accumulation” Sentiment
Bitcoin (Symbol: BTCUSD) has enough momentum left to attempt an extended bull run towards $14,000, says Jacob Canfield.
The Signal Profits founder placed the benchmark cryptocurrency on a Fibonacci Retracement graph, a set of horizontal levels that indicates where the supports and resistances are most likely to occur. He noted that BTCUSD had ample of support near the $10,500 level, adding that holding above it would ensure a smooth upside move towards $14,000.
“As long as $BTC can hold $10,50…