FOMO fury will reportedly start a massive bitcoin spike towards the $10,000 milestone in the coming days according to Chief Market Analyst at ThinkMarkets, Naeem Aslam. More about this prediction, we will read in the altcoin news below.
Aslam thinks that due to the recent spikes in the price of Bitcoin and the current positive sentiment around the entire market, could lead the BTC price to a vital milestone in the upcoming days. If it goes past the $10,000 mark, the largest cryptocurrency will reach the halfway point of the all-time high in 2017.
The analyst hasn’t been shy of his bullish beliefs in the performance and price of the asset and he also proved right many times especially since he noted that Bitcoin reached from $5,400 to $6,500 at the beginning of the month:
“A real embarrassing moment for those who said that the currency would never recover from its losses. Well, it is the best performing asset of 2019 and the YTD gains are standing at 140 percent, and it has gone up by 70 percent only during May. This is what Bitcoin is all about, never doubt the resilience of the currency and the support it has among the community.”
After a few hours, the bitcoin price increased from $8,000 to $8,939 which is an increase of more than 11 percent against the US dollar. Aslam continued to describe why this crypto asset will breach a vital level such as $10,000 making clear that it is currently trading above several key moving averages. He pointed out:
“Technically speaking, I think bitcoin price is likely to blast through level of 10K this week or by next week if the momentum continues at this pace,” said the analyst. “The price is trading well above the important moving averages, 50, 100 and 200-day simple moving averages and the most important among all of them is the 242-day moving average.”
The rest of the crypto community have already started calling the price movement the beginning of the ‘’Cryptocurrency Spring’’ for this year. Some are waiting for the FOMO Fury as the analyst predicted in order to see the price action.
Per the best cryptocurrency news sites, the wider crypto market has already gained value and allowed for Bitcoin to start rebuilding the past losses.
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