Bitcoin is currently testing the $10,000 resistance at this very moment. This is a very big number in terms of resistance and from psychological point of view.
In the past month, Bitcoin has been steadily gaining from the correction/bull market that we have been seeing since the all time highs.
In my opinion, If Bitcoin fails to break through the $10,000 mark we will see another dip in pricing. I would say that the odds of this happening are only 1/4.
The more likely scenario, in my opinion, is seeing Bitcoin break through the $10,000 mark and then quickly rising to test the $12,000 mark. In that case, If it breaks through 12K fairly quickly we could see another explosion in price, and if it fails to break through $12,000 then $10,000 will be the new floor.
I am expecting to see another big bull run at some point this year, and I think we will see a lot of new all time highs all around the board.
This is an exciting time for cryptocurrency, Blockchain, and amazing technological growth that will certainly be realized over the course of the next few years. I am excited and honored to be a part of this revolution!
What are you predictions for Bitcoin in the short term, and long term? Tell me in the comments!
To the moon,
@bwells