Leading cryptocurrency Bitcoin has outperformed its worst 7-day period since March 12 last week. Although Bitcoin fell by more than 10% to $ 8,700, the support here prevented possible decreases.

While Bitcoin is thought to be in a downward trend again, a slight acceleration started yesterday has refreshed the hopes. The BTC / USD pair rose again up to $ 9,461 compared to the press time, and it seems that even $ 9,500 resistance is broken in some exchanges.

Bitcoin Targets $ 10,000
Bitcoin’s breakdown of the troubled $ 9,000 and $ 9,300 resistances suggests that a sharp uptrend might come soon. BTC, which has a volume of more than $ 32 billion in the last 24 hours, may have achieved an organic increase this time around, and the price is likely to rise to $ 10,000 by the end of the week.

Although there are many signals that signal the rise of Bitcoin, the fact that the leading crypto money is still under $ 10,000 actually led to the thought that the price was suppressed. Both the tension between the USA and China, as well as the unlimited money that the FED prints, are preparing a real bullish ground for Bitcoin and Gold.

If Bitcoin manages to climb above $ 10,000 with this FOMO, it can be said that the resistance of $ 10,400 can be broken and up to $ 14,000 is possible. When it comes to Bitcoin, instant records and unexpected movements can be seen at all times and so can be experienced again.

Source link