Bitcoin investors were pleased to find yesterday that BTC’s bulls have come out swinging and are now pushing the cryptocurrency\u2019s price towards the psychologically critical price level of $10,000, which is just a hair above its current price.<\/p>\n
Although in the short-term Bitcoin is certainly bullish, over the long run it is incredibly bullish, and one chart even points to the possibility that it will one day be trading at $500,000.<\/p>\n
At the time of writing Bitcoin<\/a> is trading up over 5% at its current price<\/a> of $9,850, up significantly from 24-hour lows of $9,300.<\/p>\n This massive upwards momentum marks a continuation of the buying pressure that BTC first incurred in early-April that led it to surge from lows of $4,000. It is now abundantly clear that the cryptocurrency is currently in the throes of a bull market, but in order for it to surge higher it is critical that it breaks above $10,000 in the near-future.<\/p>\n Late-yesterday, the crypto quickly surged to highs of $9,900 where it faced some levels of resistance that pushed it down slightly.<\/p>\n Big Cheds, a popular cryptocurrency analyst on Twitter, spoke about the resistance that lies between BTC\u2019s current price and $10,000, noting that bulls will have to decisively push its price above $9,948.<\/p>\n \u201c$BTC #Bitcoin Daily – Moving like a champ – In order to hit $10,000 this will have to break the May 5th 2018 high of $9948,\u201d he explained.<\/p><\/blockquote>\n $BTC<\/a> #Bitcoin<\/a> Daily – Moving like a champ – In order to hit $10,000 this will have to break the May 5th 2018 high of $9948 pic.twitter.com\/9kaDQHDnjU<\/a><\/p>\n — Cheds (Trading Quotes) (@BigCheds) June 21, 2019<\/a><\/p><\/blockquote>\n\n