Could Bitcoin break 10,000$ ?

in #cryptocurrency7 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.

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

Good luck. Same here : P

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