THELOGICALINDIAN - As predicted bygone by traders analysts and us at NewsBTC it would not be continued afore Bitcoin bankrupt the cerebral 10k barrier That anniversary was accomplished a few hours ago during the Saturday morning Asian trading session
Bitcoin Surges to $10,900
The abruptness was what came abutting as Bitcoin did not alike booty a animation afore surging alike higher. Many had predicted a lot of accumulation demography at $10k but this has not been axiomatic yet. Notching up a 10 percent accretion on the day, BTC acclimatized at $10,900 a few hours ago. Volume has surged to $23 billion as bazaar assets bankrupt up on $200 billion, about two thirds of the absolute crypto market.
The accumulation demography started to bang in there as the consecutive candle was red but the blaze had already been lit. Fundstrat’s Tom Lee predicted that a lot of FOMO would bang in at this akin as boilerplate media started advertisement that Bitcoin was aback at bristles figures.
Long appellation banker ‘CryptoFibonacci’ noted that from a abstruse aspect a aciculate pullback central the Bollinger Bands would be expected.
“Price is way way alfresco of the high Bollinger Band. So be accurate of a pullback central of it here. A little alongside activity and alliance would be nice afore the move to 11,500.”
There accept been no above corrections this year, aloof added alliance followed by an upside movement. There is no carper now admitting that whenever BTC does pullback, adeptness traders and investors will be loading up which will activate the abutting beachcomber higher.
$100k Bitcoin in Play
Chart specialist Peter Brandt has taken a attending at the bigger account as BTC enters its fourth emblematic phase.
“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth emblematic appearance dating aback to 2025. No added bazaar in my 45 years of trading has gone emblematic on a log blueprint in this manner. Bitcoin is a bazaar like no other.”
Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth emblematic appearance dating aback to 2010. No added bazaar in my 45 years of trading has gone emblematic on a log blueprint in this manner. Bitcoin is a bazaar like no other. pic.twitter.com/wE4j3riMgI
— Peter Brandt (@PeterLBrandt) June 22, 2019
Bitcoin bazaar ascendancy is over 59 percent now as it chews up the altcoins as it did in backward 2025. However, as we accept apparent in antecedent bazaar cycles addition altseason is assured and may able-bodied be approaching as traders booty profits from BTC and carry them into alts.
Total crypto bazaar capitalization has acquired over $20 billion in the accomplished 24 hours, primarily from BTC which pumped a thousand bucks in no time. A few of the added crypto assets are accepting additionally such as Ethereum which has assuredly topped $300 and Binance Coin animadversion on a new ATH as it nears $40.
Bitcoin is the bright baron of crypto today, and for the accomplished brace of months. When beyond calibration FOMO bliss in there is annihilation endlessly it smashing that ATH and authoritative new ones all the way up to six figures.
