Crypto Community Rejoices as Bitcoin breaks $9,300
A sideways BTC trend that had been going on for quite a while had left the crypto community is the doldrums for the past couple of weeks. Short surges of going up to $9,400 met with sprees dropping in the $9,000’s was a thing of the past with the focus on how much time BTC was spending stagnant between $9,150 and $9,200. In a bid to push the trading price above the $9,200 resistance, the Bulls were doing their absolute best for days without much success. That is until a few hours ago when BTC brought back much needed volatility and movement into the crypto markets by making a huge $200 jump from $9,150 to land at $9,350. At the time of writing, the number one crypto is trading at $9,354.89 and looks to maintain this new support level for now.
A $200 move might now seem like much as compared to some of the massive changes we have seen BTC go through before but this news has been met with a joyous reaction from the crypto community especially those on Crypto Twitter. Famous Crypto Twitter Personalities such as Binance’s CZ and Bitmex’s Arthur Hayes were amongst the first to comment on this surge and bring forth the wave of cheers and predictions regarding this latest move.
The main topic on discussion now and what all BTC Hodlers and analysts will be thinking of is the next resistance level. Bitcoin will surely go and challenge for the $9,500 range in attempts to reclaim the $10,000 point that has avoided it for so long. But to get there requires some persistence and constant uptrend. If the graph of today can be replicated, then the next resistance can easily become the new support. Even though it is still too early to tell, we can rest assured that it was a much-needed break from the horizontal trend for the Crypto Community. What is your opinion on this? Were you excited to see BTC go up again? What is the next resistance level? Is this form temporary? Share your thoughts and opinions in the comments below and we would love to feature you on our platform!
