Analysts Expect an Even Bigger Boom

Just minutes ago as of the time of this article’s writing, Bitcoin just hit $10,000 for the first time since November. BTC’s breaking of this key psychological and technical resistance level comes after a few days of the cryptocurrency slowly grinding higher.

While the cryptocurrency has yet to make a daily or weekly close above $10,000, analysts say that Bitcoin’s move past this key level is a precursor to an event greater move.

Here’s more on why top analysts think so.

Bitcoin’s Move Past $10,000 Sets Price Up for Greater Move

According to prominent cryptocurrency trader and commentator LightCrypto, Bitcoin’s move into the five-digit region will likely create a scenario in which the price “teleports to probably $11,000 in an hour.” This would represent a 10% move in an hour, a mere sixty minutes.

/4 If and when we break the $10,000, we teleport to probably $11,000 in an hour.

— light (@LightCrypto) February 7, 2020

He backed this assertion by writing the…