Bitcoin set to break $10,000

Since the crash of 2018 and the onset of crypto winter Bitcoin had been trading sideways at or below 4000.

However beginning 4 months ago the digital asset has been gaining quite steadily. Volumes have been increasing and the value has taken on a decidedly bullish trajectory.

Last week Bitcoin smashed through $8000 resistance and ran up to $8800 where it appears to be consolidating

Multiple cryptocurrency analysts believe the $10,000 barrier is next to go.

This valuation has very strong psychological meaning. Analysts also suspect that breaking the $10,000 barrier will lead to a FOMO rush causing the asset to continue to surge higher.

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