The largest cryptocurrency this week was able to restore the positions that were lost earlier and crossed the $8,000 mark.
Now bitcoin is trading at $8,389, the position of the coin inspires optimism to some traders. They believe that the current location of the BTC may signal the early start of a slow ascent to a new height.
Such a psychological frontier for Bitcoin could be a mark of $10,000, which he must break through in July.
One of the supporters of such a scenario is the analyst and trader, known on Twitter as Cred. He is sure that now Bitcoin is trying to overcome resistance. As soon as it is broken, we will be able to witness a more confident growth of the BTC rate during the coming month.
However, there are skeptics on Twitter who believe that Bitcoin is unlikely to cope with resistance. For example, analyst and trader Josh Olszewicz predicts the continued dynamics of the weakening of the coin, which could result in a drop in its value to $6,400.
In his opinion, the market has not yet emerged from the "bearish" moods dominating stage and it is not clear when such an exit will occur. But the optimist Cred is supported by another Cryptomist trader, who believes in the imminent transition of the market to the green zone.
She wrote: "We are working our way towards wedge resistance. Target is 8360 region I couldn't anticipate a rejection
July 10 July to 10k ".
Bloomberg analyst Aaron Brown partially supports the forecast of Bitcoin-optimists, but believes that the new rally of the largest cryptocurrency will be qualitatively different from its previous spurts, as the market has become more mature and stable.
