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.
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.
I am targeting $9400 if we close above $7630— Livercoin (@livercoin) November 28, 2019
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.
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.
Steve Jobs in 1997: Ignore Media FUD & buy more Apple shares during the dip like me. Others are yet to catch up to the revolution.— Welson 📊 (@CryptoWelson) November 28, 2019
People who listened & bought APPL shares worth under a dollar turned them into $260 (300x gain)
Same principle applies to investing in #Bitcoin pic.twitter.com/jNvoIDyRQ9