Bitcoin Gathers Momentum, Could Surge Past $9,000 This Weekend

[sirty143]

The cryptocurrency community is once again on their toes wondering if Bitcoin can surge past $9,000 this weekend. It’s also worthy to note how fast the market sentiment has changed given that two days ago, a decline below $7,400 was expected. However, Friday came bearing good news after Bitcoin spiked from $8,200 to $8,600.

Bitcoin’s Surge Began on Friday

As of press time, Bitcoin is trading at $8,806 which is a $4.72 percent gain in price from 24 hours ago. CoinMarketCap’s platform shows that the surge began on Friday where it opened around $8,200. On the said day, it had a market capitalization of $146 billion which is a distance away from its $156 billion market cap today. The trading volume has also picked up from $18 billion to as high as $20 billion.

In addition, Bitcoin’s confluence detector shows that its strongest resistance is around $8,725. What this means is that if the bulls can gain more momentum and bypass that current resistance, then there’s nothing stopping Bitcoin from trading above $9,000 for the second time since November 2018.

High Expectations for Bitcoin’s Surge to $9,000

Therefore, expectations are high at this moment as to what the virtual asset will do. Will it surge higher during the course of the weekend, or decline even before we live up to Monday? One can only hope and wait.

On the other hand, Bitcoin’s current support lies between $8,425 and $8,675 and its resistance lies between $8,725 and $8,975. $8,725 is its previous week high while $8,975 is its daily Bollinger band upper curve.

While Bitcoin may have surged in price, altcoins have maintained a steady rise with others even declining in price. This goes contrary to what would’ve been expected since a spike in Bitcoin’s price usually influences the entire market. At this point, one may assume that these assets are being dumped in order to benefit from the high volatility of Bitcoin at the moment.

Source: ZyCrypto


At the time of writing, Bitcoin is trading at around $9,244.16 with 6.46% change in the past 24 hours. Currently, its total marketcap is $164,194,000,291 according to CoinMarketCap.com.

[ZionRTZ]

It's already over $9K now. What a rally is having right now. We will probably see a retrace back to $8K by next week.

We are still in the middle of the year and with the rate that it is going, we might see another BTC at $20K by the end of the year.

[I-Bit]

It's already over $9K now. What a rally is having right now. We will probably see a retrace back to $8K by next week.

Or it may decrease to $7k in the next week? 
Just look at the current price, it is already around $8k. It may drop more fastly. Anyway, I know that everything possibly changes, it is still hard to know where the Bitcoin price to move.

[IyemRoker]

Or it may decrease to $7k in the next week? 

You don't need to give emoticons to smile like that because someday later Bitcoin can raise and lower the price easily.
Today is 9000 USD, tomorrow will be 8000 or even go back up to 10,000 USD and you say 7000 USD, you can buy more Bitcoin at 7000 USD. 

[Noverteno]

On Sunday, June 16, the price of Bitcoin really rose to $ 9,000, yesterday and this morning continued to rise to more than $ 9,200, but this evening it dropped again to almost $ 9,000. Apparently, Bitcoin is again going to correct its price, and this time, perhaps, it will be deeper. Some predict a drop of about 20 percent and after that he will be able to reach the price of 10,000 dollars or more. It seems that this can happen from now on and will last up to several weeks.

[sampoerna]

Or it may decrease to $7k in the next week? 
Just look at the current price, it is already around $8k. It may drop more fastly.

In fact, the price goes up and even reaches more than $9,000. Your prediction seems already wrong this time. The price of Bitcoin is rising and it tends to go up more. Yeah, prediction always hard to know whether it can be true or wrong. 

[damsix]

Your prediction seems already wrong this time.

LOL. If we play in the lottery maybe he has lost a lot of money. LOL
But this is only a Bitcoin prediction that can be said to be free and without any frills in freedom of speech. Cheersss!