One thing to watch for is the cryptocurrency crossing the psychological barrier of $10,000, which will continue to boost Bitcoin’s momentum and could trigger a bull phase in the market.
“Bitcoin is up over 15% in the last seven days and there are clear signs that the bull run is back. Over the past few months, Bitcoin has lost nearly three quarters of its value but now investors are seeing a lot of value across the board and market caps are rising rapidly,” Oliver Isaacs, a blockchain and cryptocurrency adviser, told the Independent. “Bitcoin is well on its way to $10,000 and the volumes, buy orders and momentum oscillators all point towards this.”
This perspective is shared by others in the industry as well. According to Blue Line Futures President Bill Baruch who spoke with CNBC’s ‘Trading Nation,’ Bitcoin’s $10,000 level has represented strong resistance, but once that level is breached to the upside, Baruch sees the coin reaching $11,500.
https://www.newsbtc.com/2018/04/24/...ns-once-that-barrier-is-broken/
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