$10,000 Bitcoin Price Imminent in ‘the Days of Bitcoin Bug’

On CNBC’s Fast Money, Cornerstone Macro’s Carter Worth stated that based on technicals, the trend of bitcoin is seemingly positive and is aiming for 2018 levels.

Year-to-date, the bitcoin price has risen by 146 percent against the U.S. dollar from around $4,000 to $9,150 following a strong start to the second quarter of 2019.

According to Worth, the bottom established by bitcoin in December 2018 at $3,150 has acted as an important support level for the dominant crypto asset.

If key support levels continue to hold up as the trend of bitcoin in recent months of breaking out and consolidating after an initial surge in price sustains, Worth said that the asset is to be played on the long side.

Reference: https://www.ccn.com/bitcoin-price-news/10000-bitcoin-price-imminent-bitcoin-bug-analyst/2019/06/18/

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