Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider

Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time.

Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different?

Daily crypto market performance. Source: Coin360.com

$10K Bitcoin in 2019

BTC USD daily chart. Source: TradingView

As can be seen in the chart above, Bitcoin crossed over the $10,000 mark on seven occasions in 2019. Each time, the leading digital asset failed to maintain its price above this level for more than a few days.

During this time, altcoins rallied as if the much-anticipated “alt season” was upon us. But as we later found out, it wasn’t, and there was still more downside to come.

So is this time around any different? Here are a few important things to consider.

Is seven the magic number in 2020?

Since Bitcoin surpassed $10K on Feb. 9, we have…