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Bitcoin price analysis: The possibilities
Altcoin News, Bitcoin, Bitcoin News

Bitcoin price analysis: The possibilities

Bitcoin is currently holding it’s balance trading above $9600 as at time of writing which means it is currently down by 2.22% from it’s 24hour high. However, majority of the crypto market is experiencing a minor price pullback today which does not come as surprise as it’s a common occurrence for crypto market on Sundays.

Tomorrow being Monday there are are strong expectations to see bitcoin finally cross the long awaited $10,000 mark and flag off a massive bullrun but, not if the bears have anything to say about it.

Make it or break it?

 

BTC/USD CHART ( Screenshot image from bitfinex)

Bitcoin has been dancing around the $10,000 price benchmark in the last 48hours. Yesterday, bitcoin came within inches away from this mark. If bitcoin holds current price and doesn’t crumble it could ignite the spark that could see it blaze above resistance at $10,000 but if it falls beyond the support line we could see BTC testing $9,200/$9,000.

There’s no certainty about the outcome as it could swing in either direction. What do you think? Does bitcoin finally go above $10,000 mark or will the bears crash the party?

 

 

coinmag

Editor-in-Chief @Coindaily_co and Bitcoin enthusiast

  1. moneytrigz

    May 7, 2018

    9000 testing incoming

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