Analysts Believe Bitcoin is Likely to Surge Past $9,000 in Near Future as Upwards Momentum Builds

[bitcoincash]

The crypto markets have undoubtedly been in an uptrend over the past several weeks that has allowed Bitcoin to set fresh year-to-date highs in the mid-$8,000 region, and despite facing several pieces of somewhat bad news, BTC has continued to surge higher.

Analysts now believe that Bitcoin is likely to surge into the $9,000 region in the near-future, which may be sparked as soon as BTC surges past its current resistance level around $8,200.

Bitcoin Once Again Nears Key $8,000 Region
At the time of writing Bitcoin is trading up nearly 2% at its current price of $7,950, up from its daily lows of $7,700.

Over the past week, BTC has incurred some choppy trading that has caused it to trade between a wide range between roughly $7,000 and the lower-$8,000 region, with support existing at the former price and resistance at the latter.

Bitcoin’s upwards momentum that has allowed it to climb from yearly lows of just above $3,000 towards its current price levels have been overwhelmingly bullish, and has persisted in the face of several somewhat negative revelations, including the New York Attorney General’s accusations of fraud against Tether/Bitfinex, and yesterday’s delay of the VanEck/SolidX Bitcoin ETF application.

Currently, the next level of resistance that BTC must surge above exists around $8,200, and if this level is broken, the cryptocurrency may surge to fresh year-to-date highs around $9,300.

UB, a popular crypto analyst, discussed this possibility in a recent tweet, explaining that he believes BTC will surge towards $9,500 in the near future.

[Vlad96]

I hope they are right and we will see 9000$ in the near future

[shinratensei]

As per the problem that happened with bitfinex and it looks possible and it will be so easy for bitcoin goes 9k rate and this will give a huge impact to another promising coin like veil because it was having a real product.

I was seeing the fundamental of bitcoin and it looks really strong because of the whole chart of bitcoin is similar to the chart that happened in 2017.
It may worth even more but i will believe on 10k rate. Never take bitcoin ETF seriously because it will always get delay by SEC consider the crypto market is not so healthy.