On Tuesday price (BTC) pushed through $8,600 and rallied all the way to $8,859 before taking what appears to be a breather near $8,750.
As reported earlier by Cointelegraph, crypto analyst Tone Vays predicted that if Bitcoin price gained above $8,600, $8,800 would serve as the next level of stiff resistance. At the time of writing Bitcoin is up 7.74% for the day and it appears that a strong trend reversal is in the making as the price has sustained above the descending channel trendline for the last 20-hours.
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