Bitcoin continues to deny predicted pullbacks! $14,000 here we come?

17 Jun, 2019
by Joeri Cant
Bitcoin continues to deny predicted pullbacks! $14,000 here we come?

Despite the many crypto experts who predict significant pullbacks for BTC, the number one coin continued its impressive weekend pump into the new week by briefly setting a new yearly high of just over $9,400. Can we hope to see $10,000 by the end of June, or will BTC continue to surge all the way to $14,000?

Although the $9,400 price mark was only breached for just a brief moment, before coming back down to the low $9,300 range, it is clear that Bitcoin continues to deny the many crypto experts who predict significant pullbacks for the world's number one cryptocurrency.

Despite the many calls for a BTC pullback, the possibility for Bitcoin to cross the $10,000 price mark any time now, even in June, seems more and more plausible.

Especially if we look at the momentum Bitcoin has gained since the beginning of April, it isn't a big stretch to assume that BTC will break the psychological barrier of $10,000 before this month has come to an end.

From that moment FOMO will boost BTC to new 2019 highs, which according to some analysts, will give us a $14,000 BTC in the next rally.

In the meanwhile, one crypto analyst, who goes by the Twitter handle, Chonis Trading, has been looking at a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction, and suggested that Bitcoin could continue its bullish upwards momentum, all the way above the $10,000 price mark.

Taking another close look at BTC's next move, the crypto analyst added that the 38.2% Fib level is the next resistance as well as overall horizontal resistances towards the $10,000 price area.

Crypto trader Crypto Michaël added a few thousands of dollars to the $10K price mark, by pointing to one potential situation that could see Bitcoin surge all the way towards the $14,000 price mark. The crypto trader added that BTC may top out at $9,600 before finding support between $6,400 and $6,600.

'Next rally towards $14,000', he tweeted.

So what will BTC's next move be according to you? Let us know in the poll below.

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Read more about: Bitcoin (BTC)


What will BTC's next move be?

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