🔥 Is Bitcoin going to hit 10,000$ this July?

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Hello!

I have been thinking about the 10,000$ resistance for quite a long time, at least the whole 2020. Is Bitcoin going to break and hold it?

Last February we were above 10,000$ for some days but it wasn't possible to stay above that psychological number for a long time. One month later, prices were trading more than 50% below that mark. It was a really fast crash and a lot of positions got liquidated.

We have to go back a little bit more to see BTC prices above 10,000$ for a reasonable period of time, concretely to June 2019. This time the prices stayed consistently above that mark but they went down at the end of September 2019.

Bitcoin 2020.jpg

Source

What I see everytime I look the chart below is a really strong resistance. A multi-year resistance that will need a lot of momentum to break and hold. This all suggests me that the history is going to repeat itself for the 3rd time in a row.

bitcoin.JPG

We are making lower highs, but we are also making higher lows, at some point it is going to get interesting to watch. I am also hoping that I am right as I want to buy more BTC at lower levels. It is hard to stop the FOMO actually and don't press the buy button, specially with this ETH pump before Ethereum 2.0.

I think that things are getting hot right now but we need something more to pull the trigger and start the trip to the All Time Highs, what I am sure is that sooner or later we'll get there.
Then it all will seem really obvious, but trust me, if you lived this long-bear market you would have been fooled a lot of times, and now I don't believe this pump. I will stick with my decision, even if I am wrong I HODL some altcoins and I will enjoy the trip anyway.

I hope that I will have the bags full by the end of the year, then I will just sit patiently and enjoy the landscape through the window.

Enjoy! 😊

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10 comments
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I believe BTC will hit $10,000, for some days now BTC have been revolving $9000 to $9500 and today is around $9510. I am seeing BTC crossing $10,000 in June. Regards.

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I want to buy more if there is a new dip 😉

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I surelly hope we will hit 10k in the next couple of days.

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10K price level gets harder to break but I believe that we will again hit that level to sell off. One thing that surprises me would be testing 13K treshold. Yet, I believe that we cannot break that level to go over 10K🤓

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You are right, the 13k resistance looks also really difficult to surpass.
We'll see what happens in the next weeks!

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I think it likely will hit the 10k in June, 12 is my target!

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