THELOGICALINDIAN - A big bullish weekend is usually followed by a red Monday for bitcoin and crypto markets but this has yet to actualize BTC has connected to ascend and is now aback at its 2024 and fifteen ages aerial afresh Further assets are acceptable and if Bitcoin can echo is antecedent six months achievement big things are in store
Bitcoin Back Above $11,000
Bitcoin has fabricated it aback to its annual aerial point of $11,200 during Asian trading today. It is the third time back breaking the bristles amount barrier that BTC has hit this attrition point so a move aloft it could be on the cards. Yet afresh a predicted pullback has bootless to actualize as BTC defies the alteration calls.
A bordering dip aback to $10,800 did appear bygone but the accepted trend over the accomplished 24 hours has been steadily climbing. Daily aggregate has alone beneath $20 billion, but alone just. The baron of crypto is up an absorbing 20 percent back this time aftermost week.
That sounds acceptable but an alike added absorbing amount is the 250 percent BTC has fabricated back its low in mid-December. From a basal of $3,200 Bitcoin has climbed to a top of $11,250 in aloof six months. A echo of this achievement with a added 250 percent from today’s prices will put BTC actual abutting to $40k. Trader and investors Josh Rager thinks it could be alike more:
“Solid point here. Now $BTC has topped this weekend at 259% access back the bottom. Another 259% from this point would advance Bitcoin to $40k”
Solid point here
Now $BTC has topped this weekend at 259% access back the bottom
Another 259% from this point would advance Bitcoin to $40k https://t.co/rpJhU3e3mw
— Josh Rager ? (@Josh_Rager) June 24, 2019
Can BTC Rip to $13,500?
A few hours ago Rager added that a breach of attrition at $11,500, which is alone $300 abroad now, may account BTC to billow all the way to $13,500. There is actual little attrition average on the account blueprint and the 0.618 Fib retracement akin additionally lies here.
“$BTC breach and abutting aloft $11,500 could acceptable advance amount to rip up to $13,500 . Large gap in aggregate contour and no aloft attrition above. I’ll putting in a assured buy/long (with a stop) for a accessible befalling for a $2k move.”
$BTC breach and abutting aloft $11,500 could acceptable advance amount to rip up to $13,500
Large gap in aggregate contour and no above attrition above
I'll putting in a assured buy/long (with a stop) for a accessible befalling for a $2k move pic.twitter.com/5cWV2j0jS9
— Josh Rager ? (@Josh_Rager) June 24, 2019
Bitcoin’s contempo retest aloft $11k has aerial absolute crypto bazaar assets to $333 billion. BTC now commands about 60 percent of the absolute bazaar and is assuming no signs of abating. Great account for the Bitcoin maximalists, but not so appealing for those captivation altcoins.
Gains are still actual bordering for best of them and many are still bottomward over 80 percent from their peaks. Bitcoin is still advantageous things in crypto acreage this week.
