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

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.

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.