Bitcoin Knocking on the $10,000 Milestone. Why Analysts Remain Optimistic?

By Coinediction.com on ALTCOIN MAGAZINE

The world’s first cryptocurrency, Bitcoin is knocking on the $10,000 milestone which has induced a wave of fresh new optimistic sentiment among most analysts. There are growing technical evidence that suggests the rally that started from the December low at $3,194 is part of a new bullish cycle. At the moment of writing this article, a single Bitcoin is worth (according to Bitfinex pricing) a level not seen since May 2018.

Long-time TradingView contributor and Bitcoin fanatic TexasWestCapital has told his followers to expect BTCUSD to reach a new all-time high around the $22,000 — $24,300. However, crypto pundit HamadaMark, in his latest forecast has shared a clear roadmap for the short-term price action which sees Bitcoin reaching resistance around $12,000.

Moving forward, we’re going to have an in-depth look at why Bitcoin is showing a bullish pattern according to these two fellow analysts.