- A close above $13,863 means bullishness for Bitcoin
- BTC would make it this time, since its growth is not parabolic but steady
Bitcoin still maintains its usual pace in the market. BTC keeps retesting $13,000 resistance level, but there are indications that it would eventually make it as support to hurdle the next resistance. Josh Rager, a popular crypto analyst, who has made series of closely accurate predictions in the past via his usual analysis, has recently stated that a close above $13,863 mark means bullishness for Bitcoin.
Bitcoin is experiencing a steady growth at the moment in the market. BTC has been attempting to maintain $13,000 as a support level, but has constantly failed to consolidate.
The good news for Bitcoin enthusiasts and investors is the resurgence ability embedded in the digital currency, which it continues to showcase lately.
Despite the price correction experienced by BTC yesterday, losing about $600 within 5 minutes, the digital asset swiftly recovered its deficits, and now on the course to beat more of its 2019 price highs.
A transfer of about 6,558 BTC reportedly initiated the swift dump. The transaction, which was ordered on Binance exchange, was approximately $81 million at time the news was published.
Bitcoin has since been growing steadily with no indication of succumbing to bears’ intimidation at the moment. According to the sentiment of a crypto commenter, BTC has come to survive, unlike the parabolic surge of 2017, which later failed to hold longer than expected.
He claimed that this move is particularly not parabolic but steady, stating that worst days of Bitcoin is bygone. Conclusively, he said BTC will surpass $13k, and attain its All Time High eventually.
He said “This time BTC will make it. There’s a lot less people saying that it’s going to come crashing down because parabolic moves can’t last forever. This time, it’s not parabolic, and the worst case scenarios are already behind us. We’ll test 13, pass it, and get 20”
Bitcoin is indeed replicating virtually all the bullish predictions with the rate it surges at the moment in the market. At the time of filing this report, BTC is trading at $13,033.85, with about 6% price appreciation in the last 24 hours.
Josh Rager Indicates That a Close above $13,863 Means Bullishness
Josh Rager is a popular analyst that uses chart to study and predict the next move of digital currencies, especially, Bitcoin. He had aired a number of accurate analyses in the past, and he has again made his opinion about the surging course of BTC known.
According to Rager, we still have some weeks to monthly close, and bullishness of Bitcoin before then would be undeniable if it manages to close above $13,863, the previous level it attained before its historic price crash few days ago.
The monthly close is still a few weeks away but you can't deny the bullishness if Bitcoin can close above the previous ATH close at $13,863
On high-time frames it will be clear skies with no price history resistance overhead, only support
Countdown to July 31st pic.twitter.com/E1OI6mnZMV
— Josh Rager 📈 (@Josh_Rager) July 10, 2019
Bitcoin has clearly increased its market domination by a bit of inches. Other cryptocurrencies, especially top 10s are struggling to replicate the price growth of BTC. Could the digital currency hold this surging trend for long? The big factor for such question is time, as we wait to see how things unfold.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.