Since it's massive drop-down below 5k in early March, Bitcoin has looked a lot like this:
As you can see, it hovered around 9k for awhile, seemingly not able to stay above 10k:
That was of course until today:
The price has shot up from 9700 on Sunday to 11,170 at the time of this blog. Trading is at it's highest in over a month:
SOURCE-Bitcoin trading volume on Coinbase Monday was at $292 million. This was the highest since June 11, when volumes hit $255 million.
My Bitcoin Twitter feed is suggesting that if it stays above 10500 for the next 24 hours or so, we should be ready for a serious bull market.
Traders have long discussed the $10,500 price range as a level to stay above to fuel a lengthy bull run, said Neil Van Huis, director of institutional trading at Chicago-based crypto liquidity provider Blockfills. “We need to stay over $10,500, so I would probably want to see a sharp interest in demand above that and to stay over it for more than 24 hours to see if the bullishness has legs,” Van Huis said.
You may be thinking, is it too late to buy? No, it's never too late to buy the currency of the future.
BITCOIN TO THE MOON.