After Surging Past $10k Bitcoin Price May Go Parabolic With $93k Target

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Bitcoin’s bulls are currently rejoicing after Bitcoin surged to fresh 2019 highs above $11k after a sudden influx of buying pressure sent BTC skyrocketing past resistance at $10k and firmly solidifying its newfound position within the five-figure price region.

This upwards momentum is certainly emblematic of bull markets seen in years past, and it appears to be highly probable that further gains are in store for the cryptocurrency, with some analysts setting targets of $93k for BTC.
Bitcoin’s bulls are currently rejoicing after Bitcoin surged to fresh 2019 highs above $11k after a sudden influx of buying pressure sent BTC skyrocketing past resistance at $10k and firmly solidifying its newfound position within the five-figure price region.

This upwards momentum is certainly emblematic of bull markets seen in years past, and it appears to be highly probable that further gains are in store for the cryptocurrency, with some analysts setting targets of $93k for BTC.

As soon as it broke above $10,000, the buying pressure ramped up and led it significantly higher, as it ran as high as $11,200 before incurring some selling pressure that sent it down to its current prices.

Josh Rager, a popular cryptocurrency analyst on Twitter, noted in a recent tweet that $11,700 is a key level that traders should watch in the near-term, as a break above this price would lead it significantly higher.

As soon as it broke above $10,000, the buying pressure ramped up and led it significantly higher, as it ran as high as $11,200 before incurring some selling pressure that sent it down to its current prices.

Josh Rager, a popular cryptocurrency analyst on Twitter, noted in a recent tweet that $11,700 is a key level that traders should watch in the near-term, as a break above this price would lead it significantly higher.