Bitcoin Price May Surge to $9,400: Crypto Traders

Bitcoin Price May Surge to $9,400: Crypto Traders
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The Upbit hack allegedly made by an insider that deprived the exchange of $50 mln in South Korea yesterday gave Bitcoin enough momentum to surge over the $7,000 level.

At the time of writing this, the father crypto is sitting at $7,537 as per data from CoinMarketCap.

Image via CoinMarketCap

Crypto traders are predicting that the Bitcoin price may surge even higher, over the $9,000 level, if it manages to stay above the $7,700 area.

‘Closing above $7,630 may trigger higher price surge’

A crypto trader @livercoin believes that Bitcoin is going to rise to $9,400 should today’s trading close above $7,630.

However, in the tweet he was rather inclined towards a bearish scenario and a correction that Bitcoin may face soon.

‘Rising above $7,733 should cause further growth’

Another trader, @BigChonis, suggests a similar bullish scenario, saying that Bitcoin needs to rise above $7,733 to continue its uptrend. It is hard to be bullish on BTC until it remains under this level, he says.

Bitcoin Futures Traded on Bakkt See 100x Growth Since September. Is Another Bull Run Near?

A trader compared Bitcoin to Apple shares

In an attempt to encourage the community and reduce the amount of FUD, a trader @CryptoWelson has posted a tweet, comparing Bitcoin to Apple shares in the period when the share price went down and the media was spreading fear, uncertainty and doubt about the computer making giant.

Steve Jobs says on the video that he just bought more Apple shares without heeding what the press was saying.

Source Link