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.