Could Bitcoin break 10,000$ ?

in cryptocurrency •  7 years ago 

Despite have a bad start in April with its price dipping below 7000$, Bitcoin has seen relatively positive gains this month, rising over 2000$. Currently its prices are around 9200$ by today, so many wonder whether Bitcoin can exceed 10,000$?

Yes, there is a high chance of it succeeding 10,000$. Why?

  1. Bitcoin price remains in a decent uptrend with supports at $9,200 and $8,600 against the US Dollar.

  2. There is a key bullish trend line in place with support at $9,150 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

  3. The pair is likely to move further higher and it could soon break the $10,000 hurdle in the near term.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Selfish though this may seem I'm hoping to accumulate some while its below $10 k

Good luck. Same here : P