Over the past several weeks we have seen a spike in the uprise of Bitcoin (BTC), setting all time year-to-date highs in the mid $8,000 USD region.
Over the past week however, BTC has experienced some lower prices, dropping to around the $7,300 USD mark, and then rallying back up to now be sitting and holding at the $7,900 USD mark.
Currently, at time of writing, the price of BTC is $7,602.58 -5.10%.
The next level of resistance that BTC must surge above is around $8,200 USD, and not if but once this level is broken, the cryptocurrency will skyrocket to make all time year-to-date highs.
Will Bitcoin Rise To $10,000+ Again?
Popular Crypto Analysts, in particular UB, explained in a recent tweet that he strongly believes BTC will surge towards $9,500 USD in the near future, and then upwards from there.
While other analysts or high profile crypto bulls such as Tom Lee, Head of Research at Fundstrat Global Advisors, suggest that the price of BTC will surge much higher. Lee predicts that we can see the price of Bitcoin top $10,000 USD in 2019.
“I think what’s getting investors quite optimistic is that now that Bitcoin is approaching that $10,000 level, i think that there’s an increasing change that traditional, non-crypto investors, traditional financial investors, are going to start to look at crypto again. And that very important, obviously, because bringing in that new sort of interest and demand into crypto could really push Bitcoin to it’s all-time highs.”
Josh Rager, a popular crypto analyst on Twitter explained that once the resistance level is broken, the Bull Run is upon us.
“A break above this level puts the next monthly resistant near $9,200+ & weekly resistance at $9,600. After these resistances areas break – watch out for the Bulls.”
It is not a matter of if BTC will surge past $10,000 USD, but when. We can expect to see historical highs that have never been seen before. To make the most of the BTC Bull Run, now is the perfect time to start mining BTC, in order to accumulate as many coins as possible and HODL before the price skyrockets.