BTC's price has risen again above $9,700. According to Keith McCullough (CEO of Hedgeye Risk Management), this cryptocurrency is currently in an upward trend!
The most important information:
- Current Bitcoin price is about $9,733
- According to Keith McCullough, BTC is in an upward trend
- Many analysts are hoping to break through $10,000
Situation on the BTC chart
Yesterday's session on Bitcoin was opened at USD 9,727.06, in the meantime BTC's price dropped to USD 9,539.62, but before the closing there was a rebound in the price of this cryptocurrency, as a result it was in the zone of USD 9,729.04.
The current Bitcoin price is about USD 9,733. In the daily range, BTC was 1.67% positive. As far as market sentiment is concerned, the anxiety and greed index shows us that we are still at a neutral level.
Bitcoin's on the rise?
That's what Keith McCullough from Hedgeye Risk Management came up with. He expects the price of Bitcoin will soon exceed $10,000 and his exact target is $10,155.
Let us recall that the last time Bitcoin rose over $10,000 in February this year. After the global crash, which led to its rate below $5,000, the cryptocurrency began to recover. Nowadays, it is close to recovery and the next bulls rally is about to begin.
Crypto Michael, a crypto analyst, is also expecting increases on BTC. He wrote on Twitter that everything indicates that high range will be attacked.