This evening will see the Oscars ceremony take place in Los Angeles’ Dolby Theatre, bringing with it all the glitz and glam of the average Bitcoin conference. Or perhaps you prefer to celebrate the less well-respected end of the film industry, in which case, both Cats and Rambo: Last Blood are nominated for eight Golden Raspberries (Razzies) each.
Bitcoin Price: Back To Five Figures
Another solid week for bitcoin price sees it retake five figures for the first time in over four months.
The week started with the Blackroots Alpha Trend technical indicator flashing long for only the third time ever. The previous two times were in September 2016 as bitcoin was starting its run to the December 2017 all-time high, and March last year, just days before price took off towards $13k.
A good omen, one would think, although the immediate aftermath saw the, now familiar, trickling down of bitcoin price. Levels held above $9k however, and Bitcoinist was so confident that we published five reasons that bitcoin would retake five figures soon.
That seemed to do the trick, and prices started to recover, to such an extent that Thursday saw the yearly high broken for the second day in a row. Prices leveled off a little on Friday, but undeterred, analysts suggested that there could be a potential surge to $11k once five figures were regained.
Saturday saw prices going upwards once again, edging ever closer to that magical $10k target. Then this morning, it happened. Bitcoin was once again valued at over five figures.
Bitcoin wasn’t the only winner in terms of price this week, as several altcoins also made impressive gains.