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BITCOIN PRICE JUST SURGED TO $9.9K, IS $11Okay BTC NEXT? | $10 Trillion Crypto Market Cap By 2023?

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Bitcoin Price Surges Past $9,900, Leaving Many Asking Whats Next?

After stagnating round $9,650 for some 36 hours, the BTC value surged as excessive as $9,945 in minutes. This fast 2% acquire from $9,700 liquidated a mere $15 million price of short-side positions on BitMEX.

As this transfer simply befell, analysts have but to formulate advanced responses to the worth motion, although there are some already attempting to extrapolate what Bitcoins 2% surge means for its short-term outlook. Mexbt, a preferred dealer,famousthat the cryptocurrency, having damaged out of a short-term ascending triangle on this current transfer, has a measured goal of round $10,220 – 3.2% above the present value.

Notably, Bitcoin (BTC) has but to substantiate a four-hour shut above the ascending triangle Mexbt drew, although there are good probabilities it’ll, setting Bitcoin up for such a transfer. Theres additionallya brand new chart from Josh Rager, a widely known investor and content material creator.

In this chart, which was accompanied by one other one posted to Ragers Telegram channel, the analyst largely implied that the cryptocurrency might head in the direction of the prime quality simply above $10,100. A detailed above the vary might set the stage for a transfer to contemporary native highs above $10,500.

Theres additionally HornHairs, who wrote that Bitcoin is at present up in opposition to heavy resistance at $9,900, Mondays excessive and the weekly open. Though, he remarked that so long as $9,500 stays intact on a day by day and weekly foundation, he could be inclined to recommend {that a} transfer to $10,200, then to $11,000 will happen within the coming weeks.

CAN THE TOTAL CRYPTO MARKET CAP HIT $10 TRILLION BY 2023?

Popular YouTube crypto analyst, Benjamin Cowen, has been contemplating thelogarithmic regression band for the wholecryptocurrency market cap in hisnewest video, and based mostly on his evaluation, thinks that the whole digital asset market cap might hit $10 trillion in the course of the subsequent bull run.

At present Bitcoin dominance ranges, a $10 trillion whole crypto market cap provides a BTC value of round $330,000, in order thats one thing to sit up for.

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? Live Real-Time Bitcoin Price + News:

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Show Notes / News Resources:

https://youtu.be/ovyMzT8rS8w (Simpsons Clip)

https://www.newsbtc.com/2020/02/23/bitcoin-bulls-eye-10000-market-weekend-recovery-upside-possible/

https://www.newsbtc.com/2020/02/23/the-simpsons-just-ran-bitcoin-segment-crypto-twitter-raving/

https://bitcoinist.com/usd-10-trillion-total-crypto-market-cap/

https://twitter.com/Josh_Rager/status/1231428326532747264

https://twitter.com/CryptoHornHairs/status/1231431847751618561

https://twitter.com/lawmaster/status/1230546600428093440

DISCLAIMER: This is NOT monetary recommendation. The views and opinions expressed on this video are simply opinions, nothing extra. Trading could be very dangerous and so is investing into Cryptocurrency, particularly when buying and selling Crypto. Seek monetary recommendation from an expert and commerce at your individual danger as a result of I’m not liable for any funding selections that you simply select to make.

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BITCOIN PRICE JUST SURGED TO $9.9K, IS $11Okay BTC NEXT? | $10 Trillion Crypto Market Cap By 2023?

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19 Comments

  1. For more than five years, cryptocurrency has been my most favourite digital and profitable investment mostly when it comes to BITCOIN trading, though its been very bullish since the beginning of this year and Bitcoin is currently undergoing what we know as short term correction. Well from experience i got to understand that there are always two parts when it comes to cryptocurrency markets which are; as much as a lot of people are wishing for bitcoin to skyrock to all time high from this present price, you should know that there are still people out there waiting for bitcoin to decline bellow $9k so they can buy cheap. However, i was raised a practical business person who is always taking advantage of every market i find myself, i stopped to panic about bitcoin prices when i made a full research about day trading and was able to find my way to know Seven Curtis who is a Pro Trader and Signal Provider. With his guide and signals he thought me how to make huge profits with a master strategy known as price action, last month i was able to accumulate and grow my portfolio from my initial 0.9btc to a total of 6.8btc using Steven's daily signals and strategy, i would also advice anyone willing to build a very strong portfolio to take this as one of the best opportunity, Seven Curtis can be reach on *Whatspp: +13617177129 and Telgram @ steve_signals247 for inquiries into profitable trading systems.

  2. We all counting jv loved the show but i allways do and im bullish thanks bud see next time ✌🦖❤🚀🚀🚀🚀🚀🚀😉

  3. Thats it for me if the Simpsons predicted it then we gonna moon very soon no problem 🦖✌🚀🚀🚀🚀

  4. Im mild bullish but some channels say we are going down and not convinced we passing 10k strongly.
    I think to head to 11 k for the cme gap is not great if we do come down to fill the 8.5k
    If we did 8.5 then 11 after, better – do we really need to fill any of the bloody gaps even though there is a mix in fundamentals about cme gaps.

  5. The Simpson's predictions are on point. Most prophetic show ever. If the Simpson's predict Bitcoin is the future, then Bitcoin is the future…

  6. See a recent tweet from tradingshot. He has a nifty chart predicting a BTC bull top by Oct 2021. He also responded to a question about price and said $50000 worst case and $200,000 best case by Oct 2021.

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