In recent days, we can observe clear increases in the cryptocurrency market. Bitcoin is trading around the psychological level of $ 13,000 during today's session. The latest upward move is driven by the news that PayPal will allow users to trade digital currencies. The most popular cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin, are to be available in the PayPal service.
Looking from the technical point of view, Bitcoin's price have been in an upward trend since the second half of March. Breaking above the recent highs at $ 12,420 opened the way towards last year's highs at $ 13,870.
BITCOIN W1 interval. Source: xStation5
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