RATE Group | Bitcoin At ‘Critical Point’ As Price Suddenly Roars Toward $10,000
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Bitcoin At ‘Critical Point’ As Price Suddenly Roars Toward $10,000

30 Apr Bitcoin At ‘Critical Point’ As Price Suddenly Roars Toward $10,000

Posted at 01:32h in Bitcoin News by

Bitcoin has suddenly soared, surging toward $10,000 and returning the bitcoin market to its pre-coronavirus pandemic bull run.

The bitcoin price, up over 30% since the end of March, has almost erased its coronavirus crash losses—and is outperforming the U.S. S&P 500 index as well as most other major markets.

MORE FROM FORBESThis Bitcoin Rival Is Suddenly Rocketing-Up 75% So Far This YearBy Billy Bambrough

Bitcoin leaped higher on Wednesday morning, nudging $9,000 per bitcoin before falling back to trade around $8,800 on the Luxembourg-based Bitstamp bitcoin and cryptocurrency exchange.

“Bitcoin is now trading at a critical inflexion point, where significant Fibonacci retracements, 50-day moving averages and 10-day moving averages converge on…

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