Bitcoin(BTC) May Surge To A Value $5000, In The Weeks Ahead

At this point of time, Bitcoin is trading with current prices of $3,652. But on Friday there was a difference in the prices which surged from low prices of $3700 to high prices of $3700. Moving further, Bitcoin was seen experiencing volatility on weekends. Eventually, this will have a perfect tone set for the upcoming weeks.

Despite this, this weekend was one of bitcoin’s least volatile weekend since a while, this signals that BTC is regaining its stability at its current price levels. When the markets are quiet, Mitoshi Kaku, one of the popular cryptocurrency trader said he will not be surprised if bitcoin will surge to $5,000 in the upcoming ten days. He further explains saying,

I wouldn’t be surprise at ALL, if the price goes straight to $5K in the next 10 days. The conditions are present TA-wise. Obviously that sort of move would need a strong catalyzer, but anything is possible when it comes to price action.

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2019-02-11 08:57:47

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Written by Coinpedia

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