Bitcoin Crosses $13,800 – What’s Next?
The world is always in motion and it seems like the smallest of things have the biggest impacts that no one can predict. The world of Cryptocurrency is always like that. One minute, everything is planned and then the unexpected happens. As the case with the trending talks in the world of Crypto, Bitcoin or BTC, the most popular one is never out of the news. Whether it is because, it is the one that everyone wants to trade or because of its price fluctuations. It had the first mover advantage but even after 10 years, it’s still going strong proving that toppling it is going to be a really mammoth task. With an all-time high of almost $20,000 back near the end of 2017, $BTC has not seen such heights but this recent push towards $14k could might as well be the bull run hodlers were waiting for.
After clearing $13,500 which was known as a major resistance level, Bitcoin continued on its Positive ascent up towards newer heights. The best thing about it was that the 100 day moving average also showed positive results making the way for more gains with the current scenario. Continuing on this trend, the BTC/USDT rate manage to topple $13,800 level as well making its yearly high go even higher. Currently trading just below the $13,800 at the time of writing, maybe this surge is a sign for greater things to come from the Crypto King.
A sudden rise in prices is not something that is new to cryptocurrencies. We have seen plenty of jumps and drops from many different Cryptos over the years but as it happens after any sudden change, a retraction occurs most of the time. The price cannot keep going up forever and experts are expecting a drop sometime soon. Whether it will be a minor one towards $13,600 or maybe a harsh one back towards the $13k mark, only time will tell. It’s too soon to say that $BTC will break through the $14,000 barrier this early going by its trend. It is possible but chances are that it won’t come so soon.
What are your thoughts on this news? Is BTC going to go up or go down? Will Bitcoin break the $14,000 barrier today? Which Cryptocurrency besides BTC do you support? Share your opinions and we would love to feature you on our blog. Want to trade BTC or other crypto for yourself? Why not go to Tyslin Exchange and trade for yourself. With plenty of pairs and a great/easy trading interface, it really is the all in one solution for the Crypto Trader. Until next time, Stay Safe and Happy Trading!