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Bitcoin his heading to 9000 but be wary

Written by  May 01, 2020

As we all know bitcoin has made huge gains recently and continues to rise in value.

However caution is advised according to Chris Thomas, head of digital assets at Swissquote Bank.

"People must be careful of the price pullback. Bitcoin may revisit the $8,000-$8,500 for a while, before making another attempt at $10,000 in the run-up to the halving,"

btc 1 may
Chart is courtesy of Trading View

The price seems to be consolidating at the moment on the 4hr chart as above.

Obviously the halving is getting closer and the price is driven by anticipation of the halving rather than technical analysis and solid figures.

As Gordon Gecko said "greed is good".

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

p>Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Carl Brough

Carl comes from a Crypto tech background in Blockchain, his flair and attention to detail is very important to the success of this website. Carl is a freelance journalist who now prefers to work from home and has such a broad range of experience in the alt coin market, we always appreciate his knowledge and ideas.

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