The bitcoin tested $10,000

In the last two days, the bitcoin and the other cryptocurrencies have risen. The largest in terms of market capitalization cryptocurrency went back over the psychological limit of $9,000 and was on the brink of testing the key level of $10,000.
From the outcome of this test will depend the future direction and movement of the bitcoin, according to market observers. On the one hand, an unsuccessful breakthrough and retention above $10,000 can restore the drop in full force.
On the other hand, if we see the psychological limit of $10,000, the increase in cryptocurrency may continue and even we could see $12,000 in the mid-term, according to technical analysts.
Otherwise, the bitcoin reached yesterday a 11-day peak, at a level of $9,725. After reaching the lowest value of just over $6,000 at the beginning of February, the cryptocurrency is in a sustained phase of increase.
Investors' concerns about potential interference and regulation of cryptocurrencies have lowered, which in practice has contributed to the rise of the bitcoin.
On Tuesday, Peter Boockvar of the Bleakley Financial Group was another investor who described the bitcoin as an "absolute bubble" in an interview with CNBC's financial magazine.
For other cryptocurrencies, the ethereum increased by 4.7% to 891 dollars, and the bitcoin cash was up 3.8% to $1,296. Lighthcoin was the biggest winner among the cryptocurrencies, after rising from 23 percent to 196.95 dollars, while the ripple added 3 percent to its value to 1.07 dollars.
Statistics, however, suggest that investors may have missed the rise of the bitcoin by nearly 50 percent of its bottom, given the record low trading volumes that are the lowest since July 2017.