Bitcoin Price Breaks Above $10,000 as the Bears Are Going Into Hiding

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Wed, 07/31/2019 - 14:20
Alex Dovbnya
The Bitcoin price has seemingly recovered after a 33 percent correction. Will traders see a new yearly high?   
Cover image via U.Today

The Bitcoin price has surged above $10,000 on the Binance cryptocurrency exchange at 14:00 UTC. The crypto king is once again in the five-digit territory for the first time since July 27, according to CoinMarketCap data.

image by binance.com

While the cryptocurrency market is extremely unpredictable, this price spike was quite easy to call. As reported by U.Today, Bitcoin has recently formed a golden cross, a much-coveted bullish indicator that serves as a harbinger of huge price gains, on its three-day chart.

However, Bitcoin has yet to print $11,120, the bearish lower high, to fully embolden the bulls. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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