While it was only a little more than six months ago that Bitcoin price was trading in the low $3,000s, where it set its bear market bottom and multi-year low, already the crypto asset is trading at over three times the value it was such a short time ago.<\/p>\n
With such rapid growth, the first-ever cryptocurrency shows no signs of stopping, has avoided any significant corrections, and if such a growth rate keeps up, Bitcoin may never again trade below four digits, making right now potentially the “last opportunity to buy BTC below $10K.”<\/p>\n
We’ve all heard it before. Bitcoin will never again go below $XXXX price. It was a common thread after each rally began throughout the bear market, but each ultimately ended with an increasingly lower top, creating a descending triangle that broke down and brought Bitcoin to lows nobody expected.<\/p>\n
The plummet left bulls in disbelief, and a short trip below $6,000 enabled whales to accumulate the crypto asset. Just as nobody expected support at $6,000 to break, they also never expected to leave bear market lows in Bitcoin’s dust so soon after the bearish meltdown.<\/p>\n
Related Reading | Crypto Billionaire Tyler Winklevoss Calls for $15K BTC Once Bitcoin Price Breaks $10K<\/a><\/strong><\/em><\/p>\n But here we are, and Bitcoin is once again flirting with critical psychological resistance at $10,000, and a break above could spark a brand new bull run.<\/p>\n In fact, the momentum Bitcoin has built up thus far has caused its 200-week moving average \u2013 the same important indicator that acted as support near the bottom \u2013 has begun to grow at such a high rate, that the price per BTC may never again trade below $10,000 soon after it goes above it.<\/p>\n #bitcoin<\/a> 200 week moving average growing 5.6% per month … last opportunity to buy #BTC<\/a> below $10k pic.twitter.com\/uEKl24TEYt<\/a><\/p>\n — PlanB (@100trillionUSD) June 21, 2019<\/a><\/p><\/blockquote>\n\n