Bitcoin Retakes $9.5K – $12K Next?

This morning sees Bitcoin’s price just right over $9500  – will we be seeing $12000 soon?

Bitcoin Price Retakes $9.5K as Analyst Says $12K Breakout May Be Next

“Despite the volatility, Cointelegraph analyst Michaël van de Poppe welcomed Bitcoin’s return to the focal $9,500 zone.

‘And, the price of #bitcoin is back in range and back on schedule to break above $10,500 towards $12,000,’ he summarized in a Twitter update.

Speaking to Forbes on Monday, meanwhile, Van de Poppe argued that Bitcoin ‘needs to reclaim $9,300 relatively fast’ in order to prevent a loss of momentum.

$8,600 represented a ‘crucial pivot,’ he added, with a failure to hold that level an invitation to test the 200-day moving average — currently at just above $8,000 — or as low as the $6,000 range.”

Master Asked on June 16, 2020 in Bitcoin.
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