Bitcoin Steps Up in the Bull vs Bear Battle

Bitcoin finally had a price breakthrough this week, after an extended battle around the $6,000 mark. The original cryptocurrency shrugged off the calls of some for even lower prices and stepped up more than a thousand dollars to a new line of resistance.

$7,500 is that line, where Bitcoin is currently moving horizontally, building strength for a further breakout to the upside. If successful and made with enough momentum, the next surge upwards could break the back of the bear market and see the bulls return. When they do, the countdown to blastoff will begin, and Bitcoin will launch to new all time highs and beyond ... to the moon!

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