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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Days above $10,000 are rare</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">It’s about to fly</a></li></ul>
In <a rel="nofollow" target="_blank" href="https://twitter.com/Josh_Rager/status/1275602334102536192">a recent tweet</a>, cryptocurrency trader Josh Rager notes that $10,000 remains ‘the holding ground’ for the Bitcoin price.
Rager believes that Bitcoin needs to print a daily close above the aforementioned level to continue advancing further.
Such a bullish close would allow the BTC price to ‘rip up’ all the way to $11,000, according to the trader.
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/Josh_Rager/status/1275602334102536192">@Josh_Rager</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Days above $10,000 are rare
Bitcoin is yet decisively close above $10,000 on the two-day chart in 2020, which has so far been a very tumultuous year for the crypto market.
After surging to roughly $10,500 on Feb. 13, the Bitcoin price dropped 63 percent within the next month.
The flagship cryptocurrency came close to taking out its yearly high on June 1, but a ten percent rally to its local peak of $10,429 ended up being <a href="https://u.today/trading-legend-john-bollinger-suggests-recent-bitcoin-price-drop-could-be-a-bear-trap-wait-for-it">a head-fake move</a> that trapped the bulls.
<em>image by <a rel="dofollow" href="https://www.tradingview.com/chart/owgYyEJF/">tradingview.com</a></em>
Bloomberg’s indicator recently showed that the crypto market was in a negative trend after Bitcoin retraced to the low-$9,000 level.
<a href="https://u.today/mike-novogratz-doubles-down-on-his-20000-bitcoin-price-prediction">card</a>
It’s about to fly
After five days of uneventful range-bound trading, the bulls took the wheel on June 22 and pushed BTC to $9,800 on news of <a href="https://u.today/breaking-paypal-and-venmo-to-allow-buying-and-selling-cryptocurrency">PayPal facilitating crypto trading</a>.
With Bitcoin moving closer to five digits, Miller Tabak & Co's chief strategist Matt Maley <a href="https://u.today/bitcoin-remains-in-negative-trend-as-it-struggles-to-take-out-10000-bloomberg">recently predicted</a> that its price would ‘fly’ after breaking above $10,000.
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Momentum is a very important driver in the marketplace right now, so if Bitcoin, which is no stranger to momentum, can break out, it’s going to fly.
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 479)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 628)
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
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__TwigTemplate_ca9ecf502ddd85d5028d55c6a685faec->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 132)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Days above $10,000 are rare</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">It’s about to fly</a></li></ul>
In <a rel="nofollow" target="_blank" href="https://twitter.com/Josh_Rager/status/1275602334102536192">a recent tweet</a>, cryptocurrency trader Josh Rager notes that $10,000 remains ‘the holding ground’ for the Bitcoin price.
Rager believes that Bitcoin needs to print a daily close above the aforementioned level to continue advancing further.
Such a bullish close would allow the BTC price to ‘rip up’ all the way to $11,000, according to the trader.
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/Josh_Rager/status/1275602334102536192">@Josh_Rager</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Days above $10,000 are rare
Bitcoin is yet decisively close above $10,000 on the two-day chart in 2020, which has so far been a very tumultuous year for the crypto market.
After surging to roughly $10,500 on Feb. 13, the Bitcoin price dropped 63 percent within the next month.
The flagship cryptocurrency came close to taking out its yearly high on June 1, but a ten percent rally to its local peak of $10,429 ended up being <a href="https://u.today/trading-legend-john-bollinger-suggests-recent-bitcoin-price-drop-could-be-a-bear-trap-wait-for-it">a head-fake move</a> that trapped the bulls.
<em>image by <a rel="dofollow" href="https://www.tradingview.com/chart/owgYyEJF/">tradingview.com</a></em>
Bloomberg’s indicator recently showed that the crypto market was in a negative trend after Bitcoin retraced to the low-$9,000 level.
<a href="https://u.today/mike-novogratz-doubles-down-on-his-20000-bitcoin-price-prediction">card</a>
It’s about to fly
After five days of uneventful range-bound trading, the bulls took the wheel on June 22 and pushed BTC to $9,800 on news of <a href="https://u.today/breaking-paypal-and-venmo-to-allow-buying-and-selling-cryptocurrency">PayPal facilitating crypto trading</a>.
With Bitcoin moving closer to five digits, Miller Tabak & Co's chief strategist Matt Maley <a href="https://u.today/bitcoin-remains-in-negative-trend-as-it-struggles-to-take-out-10000-bloomberg">recently predicted</a> that its price would ‘fly’ after breaking above $10,000.
Ads
Ads
Momentum is a very important driver in the marketplace right now, so if Bitcoin, which is no stranger to momentum, can break out, it’s going to fly.
') (Line: 1030)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_6d9d18caa33c92f0e9ed6e986fd56301->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 479)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 628)
__TwigTemplate_94824eadc93e4a1512dfcc7c7b9cd80d->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 52)
__TwigTemplate_ca9ecf502ddd85d5028d55c6a685faec->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 132)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 17)
Godfrey Benjamin
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Arman Shirinyan