Bitcoin is Trading Above $9,300, Ready to Hit $10,000 Level
The cryptocurrency community is now happier than two or three months ago when Bitcoin was trading at around $3,934. For the past one week the Bitcoin price has managed to remain trading above the $8,000 price mark. And since this week started, the BTC price has never plummeted below the $9000 support level.
Bitcoin Market Update: Tips for Trading Bitcoin at $8,000
The value of Bitcoin has seen a significant surge during the past two months, more than doubling from roughly $4,000 on April 1 all the way up to $9,000 as of May 28. A slight decline in the past two weeks has put the value at around $7,700 as of June 10. According to the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), that figure is expected to even out between $7,000 to $9,000 for the first half of June.