RATE Group | Bitcoin to Soon Explode Past $9,000
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Bitcoin to Soon Explode Past $9,000

01 Mar Bitcoin to Soon Explode Past $9,000

Posted at 02:41h in Bitcoin News by

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After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation.

According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s. Such a move, other analysts have said, will confirm that BTC will continue higher, likely moving past its local high at $10,500 prior to the halving.

Meet the Trader Who Called Bitcoin’s January Price Action

Bitcoin’s strong surge to kick off 2020 has caught many traders on the back foot. Case in point: each leg higher in the price of BTC has been marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.

While the majority seem to have been caught off guard, one trader called Bitcoin’s emerging uptrend: Financial Survivalism, also known as Sawcruhteez.

Just a day after New Year’s Day, the prominent…

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