THELOGICALINDIAN - It has been a abounding Friday already afresh as Bitcoin alcove a new 400 day aerial of 9800 The move has aerial absolute crypto bazaar assets to its accomplished akin back July 2024 as it affected 300 billion briefly
No Signs of Stopping
Many had predicted that bitcoin would falter at the bank of attrition about the $9.6k level. As in antecedent movements, it abandoned all alteration calls and pushed alike college topping out at $9.8k a few hours ago according to Tradingview.com.
BTC has captivated on to assets during Asian trading this morning and is currently priced at [coin_price]. Daily aggregate is aback to $20 billion and bazaar ascendancy has accomplished 58% for the baron of the coins. The calls for $10k are accumulative and attrition zones aloft that are already actuality mapped out.
BITCOIN FOMO IMMINENT
At the time of autograph BTC is alone a barb abroad from levels of accumulation FOMO which could drive it to new best highs afore the year is out. Fundstrat’s Tom Lee is in agreement.
As the gap to ATH nears 50%, bitcoin has apparent absurd resilience in its improvement from the base of crypto winter aloof six months ago. Back again the predictions of capitulations bottomward to $2k were advancing blubbery and fast. Today it is a altered adventure with blueprint gurus eyeing abutting levels of attrition abysmal into five-figure territory.
Crypto banker and analyst Josh Rager has acclaimed that the aftermost few times BTC went into a brace of canicule of consolidation, the uptrend continued. He too is eyeing a move to $10k but adds that this akin forms a cerebral barrier area accumulation demography is acceptable to occur.
CRYPTO MARKETS HIT $300 BILLION
The move by BTC has led crypto markets to a new 2024 aerial of a adumbration beneath $300 billion today. A slight amend has alone things aback in the aerial $290b arena but assets are holding. Other crypto assets accepting a addition from their big brother accommodate Ethereum abacus 4% to $280, Binance Coin aggressive 6%, and Monero up a agnate amount.
The blow of the altcoins are still changeless though, abounding of which are still in the base of their own crypto winter as altseason has yet to begin.
Will bitcoin hit $10k today or retreat at resistance? Add your thoughts below.
Images address of Twitter @Josh_Rager, @Fundstrat, Shutterstock
