Bitcoin Passes Over $ 9.700 What is BTC’s Current Goal
Bitcoin Passes Over $ 9.700: What is BTC’s Current Goal? Leading cryptocurrency Bitcoin has entered the volatile period, where it has been experiencing serious price rises after months of stagnation that has literally bored investors. It was seen that Bitcoin rose above $ 9,500 at a time towards the end of last week. At the weekend, the BTC / USD trading parity managed to rise above $ 9,700 in some exchanges.
In fact, Bitcoin broke the $ 9,700 resistance for the first time in weeks with this move. Bitcoin’s target, which achieved a 5% increase in a single week, is not exactly known. The common opinion of many cryptocurrency analysts seems to be exactly where BTC is at the pivot point.
Will Bitcoin Be Able To Sustain Its Rise?
TraderKoz, one of the leading cryptocurrency analysts, said in a statement on the issue that $ 10,400 will come after $ 9,700. Although the analyst stated that there was no need to be very happy before this level, he hinted that the rise would begin clearly.
On the other hand, if the Bitcoin price drops below the $ 9,400 level, this fresh upward excitement can fully end. Stating that he thinks this is a fake rise, the analyst also expects Bitcoin price to decrease to $ 8,000 again.
I believe we're at a very pivotal level here. If we break above 9.7k I would expect 10.4k but I won't get overly bullish before that
Lose 9.4k and I'll have my eyes on 9.2k. If that breaks, I think this will all have been a fakeout and we head to 8k
Plan. Wait. React. pic.twitter.com/PGLlbdKv5h
— TraderKoz (@TraderKoz) July 24, 2020