Bitcoin has been non-volatile and impulsive with the bearish pressure recently where today the market countered quite well leading the price towards the $8,500 price area. The positive bullish push today is assumed to be the effect of G20 Meeting held today where crypto trading has been stated as not harmful for the financial system and pressurizing its growth should be a bit loose for the time being. Though there was a lot of speculation about the meeting resulting to worsen the impact for the crypto trading industry, but currently it is expected that the bitcoin price may grow higher in the coming days. As of the current scenario, the price is currently residing at the edge of the $8,500 price area, from wherefurther bullish pressure towards $10,000 is expected if there is a break above it with a daily close. On the other hand, if the price rejects off the $8,500 price area and closes below the price with a daily close, then certain correction and volatility is expected. In this case, the bears are not going to take charge until the price breaks below $7,500 with a daily close in the coming days. So, currently the bullish bias is expected to dominate the coming days.
