Bitcoin has been quite bearish with the gains today as expected which was quite slower today in comparison to yesterday's daily close. Though bitcoin has been widely accepted by big financial institutions and traders, the ban on the cryptocurrency advertising in Facebook and Google has recently picked up an issue whereas cryptocurrency experts are speaking out about this matter which might enable the feature again in the future. The price has been ranging for a few days now, which is expected to push higher towards the $8,000 area but with certain retracement and correction along the way. As of the current scenario, the price may push much lower towards the $6,500 area before showing any impulsive bullish momentum in the coming days with target towards the $10,000 area. As the price remains above the $5,000 area with a daily close, the bullish bias is expected to continue further.
