Analysts Say Bitcoin Could be Breaking Upwards to $10,000 in Coming Weeks

[sirty143]

Analysts Say Bitcoin Could be Breaking Upwards to $10,000 in Coming Weeks

Bitcoin has been down slightly from its highest price this year at over $8,300 for some days now. Although the chance of making progress forward looks slim, analysts believe the cryptocurrency will be making a move upwards once the current pullback is over, most likely in the next few weeks.

One of the analysts, Galaxy says Bitcoin is trading with range and although the price may not reflect it, the asset is actually doing well and still bullish, retaining a 60% chance of an upward move towards $10,000 in the next three weeks.

In a similar fashion, another analyst, Crypto Rand says he expects Bitcoin to trade in the same triangle Galaxy referred to for the next few weeks.

A prominent figure in the crypto space, the Co-Founder of Morgan Creek, Anthony Pompliano also expressed optimism that Bitcoin will break out of its current price zone despite the current pullback. All these agreements from the different analysis cannot be a coincidence. One other analyst also says Bitcoin will shoot to $10,000 as long as it remains above $7,000.

Although the $7k price seems to have been held for a long time, DonAlt says Bitcoin will be seeing good days if it manages to surpass $7,950. Although there have been fears that the leading cryptocurrency could see a major correction under $7,000, its ability to hold above the price may be suggesting the asset is determined to push its way up.

The pullback was a chance for altcoins to catch up with Bitcoin according to some analysts. This was reflected yesterday as all top altcoins turned green along with Bitcoin in the later hours of yesterday, unlike the earlier patterns when Bitcoin surged high but altcoins including Ethereum were in the red.

Bitcoin might be seeing some price consolidation this week according to cryptocurrency trader Josh Rager, and major volatility may hit on Friday 311 May. He says this will be “the apex of the meme triangle apex (condensing price),” which is also within the range of the few weeks when Bitcoin is expected to break out. No matter how long it takes, the crypto community will be waiting when Bitcoin is ready to break out.

Source: ZyCrypto

[Fenix]

Most likely, while Bitcoin will continue to grow in price slowly, periodically retiring to correct its course. Therefore, it is unlikely in the coming weeks he will be able to grow to $ 10,000. Another $ 9,000 is real, and $ 10,000 can be reached in about two months.
However, on the other hand, Bitcoin is very difficult to predict in price. He constantly gives us his price surprises. Therefore, it is better to watch his further price movements.

[xeroz]

Most likely, while Bitcoin will continue to grow in price slowly, periodically retiring to correct its course. Therefore, it is unlikely in the coming weeks he will be able to grow to $ 10,000. Another $ 9,000 is real, and $ 10,000 can be reached in about two months.

I agree that Bitcoin seems to continue its price improvement. But be careful about the decline, sometimes there will be always a drop in price. Crypto prices, including Bitcoin, will always fluctuate, so there will be up and down in price.

[ZionRTZ]

"In the coming weeks" is a bit safe timetable for those analysts. Seeing how bitcoin could rise by up to $1k in a few days, $10K is indeed within reach. It is currently back at $8K and it'll probably consolidate for a few more days.

[damsix]

Still in the development stage in the issue of Bitcoin prices and it needs Support and FOMO to raise prices.
If possible, I dream that maybe Bitcoin will increase its value by the end of 2019.

[juv3ntus1]

Well its crypto almost everyday will see raport about bitcoin ,now a lot of people are start to be pozitive time will say if they have right or not.

[trauchot]

Now, all sorts of experts have climbed out who see that the cryptocurrency market is already growing almost from the very beginning of the year, and bitcoin also shows itself very well and immediately all sorts of experts start saying that bitcoin is reaching 10k$, we already knew that.

[Xtinah]

It's very possible for bitcoin to break upwards to 10k$ in weeks, its 8k$+ now and the market is growing gradually.  We could see the increase from 3k$+ to where it is right now within a short time.

[Cutter Cute]

Speculation on bitcoin prices comes because of the many investors who have long held Bitcoin to see the price of $10000, I think BTC can rise and cannot be stopped when it wants to reach the second ATH after 2017, currently the Bitcoin trading volume is 24 hours $25,009,530.75 and if we back to BTC prices when it reached $20k of trading volume at that time of $13,808,000,000. the current volume is higher than the previous year's trading volume

[banknet_ICO]

Ever since April of this year, I started believing in bitcoin again, it can rise for 1000$ in no time, so 10000 should not be the limit, in my opinion.