Tuesday, May 11, 2021

Just in: Bitcoin Breaks Above $9,000 Resistance

The moment most traders and investors in the cryptocurrency space are waiting for has again resurfaced as Bitcoin, the first and largest digital currency by market capitalization just broke above $9,000 resistance level.

BTC last attained this feat a couple of months ago. Before attaining this height, many crypto analysts had predicted the possibility of the occurrence due to its price surging trend lately.

Binance.Us also revealed its excitement regarding the attainment which BTC just recorded by sharing the moment via its official Twitter handle.

Just in: Bitcoin Breaks Above $9,000 Resistance

Image Credit: CoinMarketCap

Where Bitcoin goes from here could be glooming now, but in a number of days, the fate of its price trend and consistency would be revealed. At the time of filing this report, BTC is trading at $9,095.11, with about 2% price upsurge based on 24 hours estimation.

Crypto Market could see $350 Billion Next Months

Virtually all the digital currencies conjoin to raise the total market capitalization in the cryptocurrency market due to the recent all-round price appreciation they experienced in the past few days.

The more the increase in prices of the digital currencies in the market, the more the impact will be felt on the total capitalization of the crypto market.

In this regard, a popular cryptocurrency analyst, Crypto Michael, has recently foreseen a fortune ahead of all cryptocurrencies led by Bitcoin (BTC), the largest cryptocurrency by market capitalization. He pointed to the indication that would substantiate the total market capitalization to attain $350 billion in the coming months.

He said, “Total market capitalization is showing some interesting signs. Bounced on the trendline created since beginning ’19. Held the $173 billion support, important level from ’18 and April ’19. This shows me that we could see $350 billion next months.”

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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