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Home / Business / Bitcoin May Be Gearing Up for a Move to $ 10,000 as Upward Momentum Continues

Bitcoin May Be Gearing Up for a Move to $ 10,000 as Upward Momentum Continues



Bitcoin's upwards momentum in jeopardy, the cryptocurrency has been significant to continue and is now nearing the low-$ 8,000 region, which is significant at the time

Now, analysts believe that Bitcoin may have more fuel in it that allows it to surge towards $ 10,000 in the near future, which would be a significant technical movement for the cryptocurrency.

Bitcoin ( BTC) Nears $ 8,000 … Again …

At the time of writing, Bitcoin is trading at nearly 8% at its current price of $ 7,915, up significantly from its 24-hour lows of $ 7,250.

Over a one-week period, BTC has taken some choppy price action, surging from lows of $ 6,800 to highs of $ 8,300 before reeling back to below $ 7,000.

The recent series of upwards movements have led to a drastic shift in market sentiment, as many analysts and traders alike are

Joseph Young, a popular figure within the cryptocurrency industry, has told his nearly 1

00k followers that BTC's rapid recovery towards $ 8,000, is a testament to the positive market sentiment.

"Bitcoin dropped to $ 6,400 on May 17 triggered by a 5,000 BTC sell order on Bitstamp that led to massive BitMEX liquidations.

Analyst: BTC May Be Heading Towards $ 10,000 Next

Although most

Crypto Rand, a popular cryptocurrency analyst on Twitter, concisely noted in a recent tweet.

Crypto Rand, a popular cryptocurrency analyst on Twitter, concisely noted in a recent tweet

"Bitcoin heating up for $ 10K," he told his followers.

As the weekend wraps up and the fresh week begins, traders will likely gain more insight into the early stages of bullish life.

 Featured image from Shutterstock. 




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