RATE Group | It Means a Full-Blown Crypto Rally is Just Beginning
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It Means a Full-Blown Crypto Rally is Just Beginning

17 Jan It Means a Full-Blown Crypto Rally is Just Beginning

Posted at 07:44h in Bitcoin News by

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After two days of crypto market consolidation in the high-$8,000s, Bitcoin (BTC) just broke 3% higher from the $8,700 range equilibrium to tap the key $9,000 psychological and technical resistance on Binance and other top exchanges for the first time in just over two months.

Since hitting $9,000, the crypto asset has paused, retracing to $8,950 as of the time of writing this as Bitcoin seemingly encountered vast selling pressure at $9,000.

Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube

While the cryptocurrency has yet to make a daily price close above they key $9,000 level, analysts say that it sets a positive precedent for this market’s trend. In fact, a prominent trader says that a 30% rally to $11,500 might just be next.

This should lead to equally as bullish price action for other crypto assets, including Ethereum, XRP, and the rest of the nine yards, so to speak.

Crypto Indicators Flip Bullish Across the Board

Indicators all over the crypto market have…

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