{"id":410087,"date":"2020-01-08T00:38:00","date_gmt":"2020-01-08T00:38:00","guid":{"rendered":"https:\/\/wncen.com\/?p=410087"},"modified":"2024-06-11T13:36:20","modified_gmt":"2024-06-11T13:36:20","slug":"why-analysts-think-9000-next-after-bitcoin-pump-8300","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-analysts-think-9000-next-after-bitcoin-pump-8300\/","title":{"rendered":"Why Analysts Think $9,000 is Next After Bitcoin’s Pump to $8,300"},"content":{"rendered":"

Bitcoin<\/a> (BTC) has continued to rip higher<\/a> over the past few hours into the daily close. As of the time of writing this article, the cryptocurrency has just breached $8,300 for the first time in some six weeks, reaching as high as $8,360 as bulls have stepped in en masse.<\/p>\n

While some say it is too early to tell whether or not this is a full-on reversal, analysts are becoming certain that Bitcoin has legs to run to at least $9,000 from here. Here’s why.<\/p>\n

Bitcoin Price Has Legs to Run, Analysts Say<\/strong><\/h2>\nCryptoWolf pointed out<\/a> that with Bitcoin decisively retaking $8,090, the top of a horizontal resistance level that has acted as a key region in the past, BTC is cleared for a move to $9,500 \u2014 around 13.5% above current prices.<\/p>\n
Indeed, the low-$8,000s previously acted as a strong base for a rally and $9,500 acted as a key resistance, making it possible that a similar move could take place.<\/p>\n
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8090 HIT. pic.twitter.com\/GY3go2hWiH<\/a><\/p>\n
— Wolf \ud83d\udc3a (@IamCryptoWolf) January 7, 2020<\/a><\/p><\/blockquote>\n