Since last week's new ATH Bitcoin has been contemplating its next move. It reached an epic $93,409 last Wednesday breaking all previous price records, it was a wonderful moment. I must admit I thought at that stage it could have gone on to reach the $100k mark within a few days but I got too excited. We've all done that, right?
Since then Bitcoin pulled back and has been hovering around the $90k point ever since. But what is she up to right now and in what direction might we expect her to move in? Well in the past few days it seems the Bitcoin momentum is gathering pace again and is attempting to retest the $93k ATH. There is no doubt that that the recent vertical movements we have witnessed from Bitcoin is a great sign and all the indicators for a continued uptrend are in place.
Right now Bitcoin is around the $92,500. It looks like it might be starting to attempt another push to smash through its previous ATH.
(Graph: CoinMarketCap.com)
As you can see from the graph Bitcoin energy continues and things are still moving in the right direction. Want further proof things are looking rosy in the cryptosphere? Well take a look at the CoinMarketCap Bitcoin sentiment measure and you will see that bullish sentiment is up again at 79%.
That bullish sentiment figure is very encouraging indeed. Come on Bitcoin you've done great so far but why don't you pull out all the stops and really impress us by hitting $100,000. Now that would be something.
Peace!
