Nope, not this month. I believe we won't be reaching 10,000 USD by the end of this month. I think we will only reach as high as 9,000 but the most reasonable price should be 8,500. I believe we will break 10,000 on late June or early July at the latest. All we can do now is to wait since the cryptocurrency market is full of uncertainties. It doesn't hurt if we wait for a couple of weeks of months as long as we are engaged in a long term investment.
For me seeing bitcoin around $8K-$9K is reasonable. The last bottom was $6K so we have jumped a lot and it's much better to see the price goes up to $10K but too much mental barriers I guess that's why we didn't break it. Day traders are getting their margin of profit as soon as the price is good, the only problem is its domino effect to others. Probably given a month or two, we can see $10K again, but I doubt that we can even break $9K at the end of the month, mores so $10K.
What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?
It is very obvious that the bears couldn't break the support at $7800 to $7900 thus enabling the bulls to take over the market, I just hope that the bulls should sustain the momentum so as to have a rapid increase in the price, some analyst believed that bitcoin price increases over the weekends.I'm happy though that the bears wasn't able to claw back and shift the sentiments of investors. Scary to see the price goes below $8K, but then again, perfect opportunity to get it and buy cheap bitcoin again. Usually don't we see trading volumes slowing during weekends Asia time, so I don't expect a huge jump in the next couple of days. But I'm glad that we are hovering around $8200-$8300 right now.
