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Thursday 3 May 2018

Next stop for the bitcoin - $10,000?

The bitcoin rose 4.8% last week, neutralizing its decline of 4.1%. The crypto currency, however, continues to face difficulties in registering two consecutive days of rise.
In spite of the fall of the bitcoin in the recent week, however, the currency gained 6.3% last week. And more importantly, it managed to get back at trading levels of over $9,000.
Now, according to analysts, the crypto currency can continue to grow to a level of $10,000.
The highest daily rate was $9,500 and the lowest equivalent value was $8,750.
The good news for investors is that the crypto currency retraced from 23.6% fibonacci correction, which was at $8,996 to recover to $9,342.9.
Bitcoin bulls expect the good times for the crypto currency to continue, heading for the $10,000 psychological limit.


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