RATE Group | Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000?
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Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000?

05 May Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000?

Posted at 15:21h in Bitcoin News by

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The bitcoin price is less than $100 away from surpassing $10,000 after demonstrating a strong week of momentum and volume. In Hong Kong and South Korea, the bitcoin price has already reached $10,000.

What’s Next After $10,000?

For many months prior to November 2017, the $10,000 threshold was considered an important psychological support level for most traders, because it marked an important milestone for bitcoin. But, once bitcoin surpasses the $10,000 mark, investors will look towards the $12,000 and $14,000 mid-term support levels and anticipate a potential move from the $10,000 region to the all-time high price at $20,000.

In less than three weeks, the bitcoin price has increased from $6,500 to $9,900, after a 30-minute candle pushed the value of bitcoin from $6,500 to $8,000. The daily trading volume of bitcoin has increased to nearly $8 billion but the daily trading volume of the entire market…

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