Bitcoin Breaking This Key Level Above $10,000 Could Send It to “the Moon”

Ever since Bitcoin shot over 1,000% higher in 2017 to hit $20,000 — a price point that was once seen as relatively unobtainable by even some of the cryptocurrency’s most dedicated bulls — analysts have been waiting for the asset to “moon” once again.

It appears that the moon, a noun-turned-verb used to describe the price of assets rising an extremely rapid clip, is rapidly approaching — if Bitcoin can break one key level that is.

Bitcoin Needs to Break Past Ultimate $14,000 Level

While the price of the leading cryptocurrency surged as high as $20,000 in 2017, it didn’t stay at this level for long, failing to establish any semblance of support in that region. In fact, it closed the month of December at $14,000 — 30% below the all-time high as bulls failed to maintain momentum.

For those not versed in technical analysis, this close meant that $14,000 became the level to cross above on a monthly basis, for a close above this ultimate resistance would suggest a higher high…