RATE Group | Here’s Why It’s Time to Pay Attention
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Here’s Why It’s Time to Pay Attention

24 Feb Here’s Why It’s Time to Pay Attention

Posted at 21:31h in Bitcoin News by

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On Sunday, analysts were starting to flip bullish on Bitcoin. The cryptocurrency, after plunging to $9,250 from $10,300 just days earlier (a drop of 10%), had mounted a recovery to $10,000, rallying higher after flatlining for a number of days.

This reversal, analysts said, might be a precursor to the crypto market surging to fresh year-to-date highs.

Though, true to the ever-volatile nature of BTC, the reversal quickly reversed; within minutes, Bitcoin fell from $10,000 to $9,700. then continued to trend as low as $9,500 just minutes ago as of the time of this article’s writing.

It is likely time to pay especially close attention to the cryptocurrency markets, with a number of analysts indicating that $9,500 is a crucial level of support for Bitcoin bulls.

All Eyes On Bitcoin; $9,500 is a Key Level to Hold

Over the past few weeks, analysts have accentuated the importance of Bitcoin holding $9,500, defining this specific level as “crucial” and “major” support on a daily and…

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