After Bitcoin fell as low as $9645, the digital currency jumped above $10,250 and slightly retraced backed to $10,150 yesterday.
The sudden price upsurge has elicited a great hope in the digital currency especially by astute fans of cryptocurrency, forcing analyst to come out of their shell and observe the present surprising market situation.
Technical analyst Crypto Rand was one of those who quickly observed the market situation.
The respected analyst said Bitcoin has golden crossed, and the last time the digital asset did, it jumped by 213%.
This time around that Bitcoin also saw the same thing happen, there is high chance that Bitcoin jumps to $ 28,000, Crypto Rand said.
Crypto Rand said: “The Golden Cross is probably the strongest bullish signal you can get on a Technical Analysis. The last time it played out for Bitcoin, it resulted on a 213% price rise. Now it’s happeninig [SIC] again. The target would be $28,000.”
Meanwhile, at the time of writing, Bitcoin is changing hands at $10,130 with other crypto assets in green save for Bitcoin SV.