Bitcoin now sits beyond the $9,800 mark. This is a $200 rise from yesterday’s $9,600, which in turn was about $200 more than bitcoin’s previous high. Sentiment is growing that the currency could surpass $10K as early as next week. According to one analyst, bitcoin needed to jump past $9,200 to increase its “bullish profile,” which would ultimately get confirmed at a trading figure of $9,500. He further states that moving past $9,600 would enable further bullish trends. This has ultimately occurred, and the bull run bitcoin is enjoying is likely to continue into the summer months. In the meantime,Powered by WPeMatico
At press time, bitcoin is trading for $9,600. This is $100 higher than yesterday’s price, and roughly $500 more than where it stood at the beginning of the week. The currency was experiencing strong resistance between $9,000 and $9,300, but has since moved past its technical barricades and has passed the $,500 point. $10,000 is likely right around the corner as the currency prepares for further bullish behavior. So far, the currency has risen nearly five percent since Monday, and adoption continues to grow in regions of Asia, thus boosting the currency’s popularity and power. Hardware wallet company Tangem, for