Bitcoin price has remained in five figures as we begin another weekend. There appear to be enough buyers in the high $9000 range to prevent the asset from falling further, and for the second time in as many days, BTC has pushed back over the $10,000 mark.
Bitcoin Price Over 7% Up
From an intraday low of just below $9,800, BTC found momentum in late trading yesterday to climb back into five figures topping out at just over $10,500. The 7% gain on the day has kept bitcoin price within its range-bound channel and it has remained there for the Asian trading session.
At the time of writing, BTC was still in the low $10k region trading at 00. Yesterday’s higher low could indicate that the bears are running out of steam below $10k and a push higher could come this weekend.
As the market chop continues many analysts are suggesting slow accumulation without paying too much attention to these small shifts in price. Popular trader, Josh Rager, tweeted that patience is key and bitcoin will still hit a new high before the end of the year.
“You may feel silly for buying Bitcoin above $11k. But that feeling will soon fade. The only ppl who will feel silly are the ones with empty bags still waiting to buy “the bottom”… IMO, Bitcoin hits new yearly highs before the end of 2019,”
You may feel silly for buying Bitcoin above $11k
But that feeling will soon fade
The only ppl who will feel silly are the ones with empty bags still waiting to buy “the bottom”…
IMO, Bitcoin hits new yearly highs before the end of 2019