Two factors need to be overcome, BTC can attack up to the next price of $ 10,000

[sirty143]

Bitcoin currently has a new breakthrough, but Bitcoin may face a lot of challenges ahead, maybe BTC will increase sharply in the near future.
Bitcoin needs to overcome 2 hurdles to be able to attack to reach the price of 9,900 USD

Bitcoin paused at $ 8.800
For a few days, Bitcoin has broken out of the stagnation in the area of ​​$ 8,100 to $ 8,800 in recent times.

Bitcoin is still in the upper price zone and is currently in the area of ​​$ 8,800, with a high probability that it will continue to break out to leave this resistance level behind.

The next two resistances are $ 9,400 and $ 9,900. Both are strong thresholds on Bitcoin's price over the past 9 months.

This breakout is quite strong
Bitcoin has easily set a new high and many resistance levels are quickly abandoned. Since the end of last year, BTC has established a bottom around the $ 7,000 area before actually exploding in the new year.

9,400 quickly is the next target for traders if the upward momentum is sustained. This 9,400 threshold is extremely hard support from July to November of last year. A rise above this threshold will give Bitcoin an extremely solid support to break out of the $ 99000 target.
 Bitcoin will have to encounter one more resistance before it can rise to 10,000 to $ 9,900. More importantly, this is the level that makes Bitcoin fail and cannot rise above $ 10,000 despite the best effort in January since 2012.

With the current price of $ 8,800, most probably due to the excitement of the trader as well as bot trading. New prices may develop faster than expected, when the market is constantly growing and having the same impact and support. Comments show that in January, BTC broke the downtrend of the previous months. This could be the goal for BTC to make further breakthroughs for the next 2 months.


Source: Publish0x