Is Bitcoin Ready to Hit Past $10000?
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet.
Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks’s Bitcoin Price Index (BPI) was last seen at $8,772.
The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week’s low of $5,947.40.
So has the cryptocurrency bottomed out? Source