Bitcoin up 8% today
Score a small victory for the hodlers.
Bitcoin has risen in seven of the past eight days and has rebounded above $10,000.
This has been such a key level for Bitcoin so many times. It's the critical psychological zone for the bulls and bears.
Momentum is such a huge part of this trade and Bitcoin is now up 70% from the lows. At this point, I think a switch could flip and the bulls could get greedy again. If there is a rise above $12,000 I think a climb back to the all-time highs is likely.
Buy the dip on Bitcoin? Five insights from the ASAC Fund.
