Bitcoin Could Breakout Towards $12,000 Suggests Analyst

Story by: Valdrin Tahiri

The Royal Bank of Canada (RBC), Canada’s largest bank, stated that it is taking into consideration the deployment of a cryptocurrency trading platform.

The platform would allow users to conduct transactions of digital assets, including Bitcoin and Ethereum, along with using their digital assets for online and in-store purchases.

The Bitcoin price, however, has not reacted to this positive news. In fact, it has been gradually decreasing since the rapid upward movement on Oct 25. But, the current pattern suggests that it will soon break out and initiate another rapid upward move.

Crypto trader @smartcontracter stated that Bitcoin could increase all the way to $12,000.

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