BITCOIN has performed solidly since September, with the crypto currency hovering around the £5,000 ($6,500) mark – but can bitcoin surpass September’s high of £5,656 ($7,400) to confirm a major bullish breakout?
(BTC) is currently trading at £4,921.77 ($6,440.97) today at 5.30pm GMT, according to CoinDesk.
Some cryptocurrency analysts now believe bitcoin may have found a base value of £4,581 ($6,000).
Basic trading theory states that a bear to bull trend is confirmed after the price disproves a "lower highs" pattern – a series of descending peaks.
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