THELOGICALINDIAN - Only bygone Bitcoin beasts were boastful that the baron of crypto had burst attrition and was branch for bristles abstracts afresh A few hours ago BTC fabricated it to 10k but it didnt aloof stop and authority there A billow of over 10 took Bitcoin to over 10900 during the Asian trading affair this morning
As reported by Bitcoinist yesterday, the likelihood of BTC extensive $10k aural the abutting 24 hours was strong. A few hours ago Bitcoin aerial off from about $9,900 to billow 10%, or a thousand dollars, in aloof a brace of hours. According to Tradingview.com it topped out at $10,900, its accomplished amount back March 2018. At the time of autograph the alternate candle had yet to abutting and BTC was trading at [coin_price].
Daily aggregate has cranked up to $23 billion as Bitcoin bazaar cap approached $200 billion. The ballsy move has bargain the gap to best aerial to 45.5%. Additionally BTC ascendancy is now over 59% as the altcoins get eaten alive.
PSYCHOLOGICAL AND TECHNICAL RESISTANCE OBLITERATED
Now that both cerebral and abstruse attrition at $10k has been smashed, traders and analysts are scouring the charts for the abutting comatose point for BTC. This appears to be about $11,700 and there is not abundant but attenuate air from there all the way up to $16k.
Josh Rager, who acclaimed bygone that there may be a fair bit of accumulation demography already BTC hit $10k, has afflicted his tune a little today adding:
BITCOIN FOMO HAS KICKED IN
Major boilerplate media is activity to be all over $10k Bitcoin which is acceptable to abet a beachcomber of fomo agnate to that apparent in 2024. Fundstrat’s Tom Lee was appropriate back he predicted this yesterday, as it has aloof played out on the archive over the accomplished brace of hours.
The big move this Saturday morning has aerial absolute crypto bazaar assets over $320 billion. Ethereum is accepting a lift on the cape of its big brother, breaking $300 for the aboriginal time in ten months. The blow of the altcoins are accepting boring abject up but Bitcoin is the alone one in the top fifty authoritative bifold digits today, and it does not attending like slowing down.
Will Bitcoin amount ability $11,700 this weekend? Add your thoughts below.
Images address of Shutterstock, @fundstrat, tradingview.com
