Bitcoin Beat The $5000 Mark, Heading For The $7000 Resistance

For the past one week
I have anticipated a record breaking news from BTC/USD exchange
Whenever I visit my poloniex wallet, I wanna see the new exchange price.

Finally
Logging into my wallet today, i got the long awaited breaking news, BTC/SBD price sitting at $5150.
To validate my discovery, I decided to checkout crypto news
And I got this;

The bitcoin price hit an all-time high of $5,144.97 in early trade on Thursday, according to data from industry website Coindesk. This surpassed the previous high of $5,013.91 hit on September 2.

Source

Following the same trend, bitcoin which set a new record today for the all time high price of cryptocurrency is predicted by analyst to have a new resistance level at the $7000 mark.

Mike Novogratz one of the major analyst of cryptocurrency told CNBC he “would not find it surprising” if one bitcoin cost $10,000 by April 2018.

Bitcoin suffered several set back from attacks recently after hitting the $5000 mark on September 2nd;

JPMorgan Chase CEO Jamie Dimon said
Bitcoin is a scam and its about to blowup.

Chinese government banned cryptocurrency exchanges in China, shutting down some of the big exchange firms in the country. The ban also extend to ICOs.

This caused panic in the system and most investors traded off their holding causing the price to take a downward trend.

Bitcoin bouncing back in just few weeks and setting an all time record high price has reawaken the trust for cryptocurrency as most currencies have been predicted to follow suit.
Ethereum , Ripple and other major coin have also followed an upward trend.

This is good news for cypto enthusiast like me @samiwhyte
As this is the best time to buy and hold some more cryptocurrencies like @steem and @steemdollar.

Still your crypto enthusiast @samiwhyte
Proudly member of #stach

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