Can Bitcoin See $ 14,000 Again in July?
Bitcoin (BTC) had come pretty close to breaking its all-time record in 2019. Leading cryptocurrency BTC achieved a legendary rise especially after April, and although it started the year at $ 3,000, IT managed to climb to $ 14,000 towards the final quarter of the year. Although Bitcoin has yet to reach $ 14,000 in 2020, its rise to $ 10,000 before March 12 had excited many investors.
Can $ 14,000 Be Seen Again In Bitcoin?
The fall after March 12 and the subsequent rise in investors was thoroughly uncertain. But the fact that BTC has unexpectedly gone up to $ 14,000 in the years past when it’s stuck between $ 10,000 and $ 9,000 exactly, suggests that hope is still there.
One trader said on Twitter that BTC could still make up to $ 14,000 and that the charts looked pretty similar. Indeed, looking at the charts released by the analyst, the rise in 2019 and 2020 seems to have drawn a similar picture.
When #Bitcoin went from $8k to $14k we had almost the exact same market structure as we do now. $12-$14k is next IMO.
We still need a blow off top before a stronger correction follows pic.twitter.com/fk3XP1US0x
— D.I.Y Investing (@vajolleratzii) May 15, 2020
If Bitcoin rises again in the coming weeks, as of June, investors may indeed witness another $ 14,000 rise.
Some investors are known to expect the $ 6,000 band to buy in BTC, and a hard fall could also be seen before the original rise.