Bitcoin Price May Surge to $9,400: Crypto Traders

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  • After breaking upwards yesterday, after Upbit’s hack, Bitcoin price surged to the $7,200 area, traders say that BTC needs just a little more growth to get over $9,000

Bitcoin Price May Surge to $9,400: Crypto Traders

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The Upbit hack allegedly made by an insider that deprived the exchange of $50 mln in South Korea yesterday gave Bitcoin enough momentum to surge over the $7,000 level.

At the time of writing this, the father crypto is sitting at $7,537 as per data from CoinMarketCap.

Bitcoin price CMC
Image via CoinMarketCap

Crypto traders are predicting that the Bitcoin price may surge even higher, over the $9,000 level, if it manages to stay above the $7,700 area.

‘Closing above $7,630 may trigger higher price surge’

A crypto trader @livercoin believes that Bitcoin is going to rise to $9,400 should today’s trading close above $7,630.

However, in the tweet he was rather inclined towards a bearish scenario and a correction that Bitcoin may face soon.

‘Rising above $7,733 should cause further growth’

Another trader, @BigChonis, suggests a similar bullish scenario, saying that Bitcoin needs to rise above $7,733 to continue its uptrend. It is hard to be bullish on BTC until it remains under this level, he says.

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A trader compared Bitcoin to Apple shares

In an attempt to encourage the community and reduce the amount of FUD, a trader @CryptoWelson has posted a tweet, comparing Bitcoin to Apple shares in the period when the share price went down and the media was spreading fear, uncertainty and doubt about the computer making giant.

Steve Jobs says on the video that he just bought more Apple shares without heeding what the press was saying.

 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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