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.
BREAKING: Bitcoin just broke $9,000 on https://t.co/AZwoBOgsqS
— Binance.US (@BinanceAmerica) January 19, 2020
Binance.Us also revealed its excitement regarding the attainment which BTC just recorded by sharing the moment via its official Twitter handle.
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.”
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. pic.twitter.com/EGlu5HWSFk
— Crypto Michaël (@CryptoMichNL) January 18, 2020