Bitcoin just climbed to its highest in more than four months. How long will this upward trend continue?
Bitcoin prices surged this morning, rising to their highest since September, as the cryptocurrency continued its current, bullish trend.At this point, bitcoin had appreciated more than 6% since the start of the day and was trading at its highest since September, additional CoinDesk figures reveal.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]“$10,000 is one of the most significant psychological price levels for Bitcoin,” emphasized John Iadeluca, founder & CEO of multi-strategy fund Further, it is “a massive systematic parameter for automated trading, exchanges, and others,” he noted.
“Moving forward, we can expect Bitcoin to enter a consolidation pattern to try and establish firm support above $10,000,” stated DiPasquale.
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