bitcoin will hit 10000$ this month?

After hitting a double bottom at the $6,500 level support, Bitcoin has since surged in the past months. In less than just 30 days, it's since soared more than 40%, leaving investors who got in early at a very distinct advantage.

Despite the recent surge in the blockchain-based cryptocurrency however, many are skeptical. Despite this, I'm convinced Bitcoin will easily hit $10,000 this month, and potentially even go higher. This prediction is based off of a number of technical indicators as well as a series of momentum indicators.

After finally hitting a local low at the $6,500 support, it seems that Bitcoin investors have regained their confidence in the granddaddy of all coins. In just 30 days it's shot up 40%, but what's more impressive is the critical level of $9,000 holding up strong.

During the week of March 20th, crypto bulls desperately tried to push the price of Bitcoin above $9,000 - but as the chart below indicates, after several days of intense fighting with the bears, their attempt failed.

After struggling at the $9,000 level resistance for nearly 4 days straight, the bears finally took over and shot the price of Bitcoin down to a double bottom of $6,500 marking a loss of nearly 30% in just 11 days.

Since then however, bulls have pushed the price back up to the $9,000 mark and it seems to be holding very strong. This is a very good sign for the price of Bitcoin, as the next resistance level is at $10,000 and as we're about to see, the analysis indicates that it will cross this threshold very, very soon.