Bitcoin Price near $10000: What’s Next after the Round Number level?
Bitcoin Price near $10000, about to reach “the round number level” and has moved by $1,777.72 up 21.87% in 1 week with the total volume of 5.12B.
CoinCrump – Today, the Bitcoin Price surged 1.76% to $9,910.30 and about to cross the “round number level” of $10,000. Also, the November to be called as the golden month for Bitcoin as the price rose drastically after the Black Friday. The investor’s expectations are very high for the Bitcoin. But, can the Bitcoin maintain this momentum for the next month?
The chart below depicts how the Bitcoin prices went up since last week. The Bitcoin (BTCUSD) price almost surged 22% in 1 Week. Moreover, the Bitcoin rivals- the Bitcoin cash (BTH) and Bitcoin Gold(BTG) rose more than the Bitcoin. The Bitcoin Gold and Bitcoin cash hiked 40% and 27% respectively in a week.
Bitcoin Price near $10000: What’s Next for BTCUSD?
All though few Wall Streeters, including JPMorgan CEO Mr. Jamie Dimon thinks that the cryptocurrency as only useful for illegal work but few companies already started accepting Bitcoin payments. On the other hand, some analysts predicted that the Bitcoin would reduce the banking transaction and it’s the future generation currency.
Also, the famous American economist Robert J. Shiller said that the Bitcoin is the best example of the Bubble. The investors have highly anticipating the Bitcoin to surge $50,000 or $100000 in the long-term.
Bartek Ringwelski, US COO of bitFlyer, a Japan-based bitcoin exchange said:
“2018 is the year when things start moving with respect to institutions moving into the market and dominating it.”
On the daily charts:
- The value of RSI(14) is 77.099 which signify bitcoin is overbought.
- The value of ATR(14) is 520.21 which means BTCUSD is less volatile in daily charts.
On the Weekly charts:
- The value of RSI(14) IS 80.330 which again signify that the Bitcoin got overbought.
- The value of ATR(14) is 1178.79 which means BTCUSD is highly volatile on weekly charts.
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