Will Bitcoin Break $12,000? 4 Things to Know Heading Into the Weekend

Bitcoin yet to clear $12,000 hurdle

Ethereum Gas prices skyrocket

Small-cap cryptos shine

Watch the Bitcoin and gold correlation

This week, the Bitcoin and cryptocurrency market roared into Monday like a lion only to end the week more like a lamb.

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$12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’

After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. 
This comes after a week of bullish news which included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S.

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BlackRock, Vanguard, Indirectly Hold Bitcoin Via MicroStrategy Investment

Earlier this week Bitcoin (BTC) bulls and crypto investors were thrilled by the news that MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion, had formally adopted Bitcoin as its primary reserve asset by purchasing 21,454 BTC ($250 million).

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Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

Grayscale Investments, the largest digital asset management firm in the world, has been showing exponential increases in investment to its cryptocurrency products. The total sum of assets under management grew by $1 billion in less than two weeks in July, as a Twitter update showed.

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Bitcoin Price Above $11.5K as Key BTC Price Metric Suggests $12K Retest

Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000.

Cryptocurrency daily market performance snapshot.

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A Top Gold Bull Thinks an Exponential Bitcoin Price Expansion Is Imminent

Bitcoin has stalled after failing to hold above $12,000 for the second time in two weeks.
The cryptocurrency trades at $11,450 as of this article’s writing, below the ever-important $11,500 level.
Despite this weakness in the price of BTC, analysts remain long-term bullish on this nascent market.

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Bitcoin Correction Begins: How Much The Prices Can Fall This Time? – Bitcoinist.com

The much-anticipated correction in Bitcoin (Ticker: BTCUSD) has begun. But, according to veteran trader Jonny Moe, it is no reason for bulls to mourn.
The analyst projected the benchmark cryptocurrency’s rally to resume after daytraders secured their short-term profits at $12,000.

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