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Bitcoin bouncing again

Written by  Guest Contributor: Anthony Marks - Crypto Trader Jun 13, 2020

Here we go again the Bitcoin bounce keep happening.

As we have seen on a few occasions recently, the price just cannot get past $10000.

BTC/USD 4 day chart by Tradingview

Try as it might the recent overall movement of Bitcoin is generally between $9500 and $10000, although at the moment it is in the $9400's.

The resistance level at $10000 seems like an impregnable force and it will take a mighty push to exceed this level.

Also see: Kraken crypto exchange review

An equilibrium of sorts seems to have grabbed hold of the Bitcoin price and it won't let go at least not yet.

Every time the price gets near $10000, waves of optimism are reported and huge gains will be made.

But the reality is, this seems unlikely unless there is a major event.

The Bitcoin price as well as the major stock market prices all took a hit a couple of days ago and it wasn't due to Bitcoin valuation alone that caused this current dip.

It seems pretty likely that the price will rise again and I will invest in some more Bitcoin at least in the short-term.

What do you think? Comment below...

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