Bitcoin Passes $ 10.500! Did the Real Rally Begin?
Bitcoin may have started its original rally, which it had been signaling for the past two days. It was seen that the leading cryptocurrency Bitcoin was experiencing a slight correction after rising above the $ 10,000 level yesterday. BTC / USD trading parity showed a move above $ 10,300 in the morning hours after this correction.
BTC, which was consolidated for a short period of time, seems to be reactivated. As of the writing of this article, Bitcoin is trading at $ 10,764 on the Bitstamp cryptocurrency exchange. With this move, Bitcoin achieved a significant rise of $ 1,000 in a 2-day period.
The fact that BTC was trading at $ 9,200 and $ 9,150 levels for almost 8 weeks and the bottom of volatility actually signaled that such a hard move would be experienced. Experts stressed that the bull has not yet arrived, stating that the actual rise will be after the $ 10,500 point.
If #Bitcoin breaks $10,500 (yellow line)…
The greatest bull run in human history will start 🤩 pic.twitter.com/b57esjyRGk
— Ivan on Tech (@IvanOnTech) July 27, 2020
If Bitcoin continues its uptrend today and can close weekly or daily over $ 10,500, the bull may have literally arrived.
Famous cryptocurrency analysts and YouTuber IvanOnTech also stressed that Bitcoin will “start the biggest bull run in history” after $ 10,500. Although there are those who expect a drop in Bitcoin, breaking $ 10,500 gives a clear message.