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Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k

Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k

with insights from Glassnode

Bitcoin saw some explosive momentum overnight that allowed it to briefly tap highs of $10,000 before settling back into the mid-$9,000 region.

Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k

Photo by Michael Benz on Unsplash

Bitcoin saw some explosive momentum overnight that allowed it to briefly tap highs of $10,000 before settling back into the mid-$9,000 region.

This movement came about after an extended period of sideways trading within the upper-$8,000 region, and the bullish resolution to this consolidation has led many analysts to target a move back up to BTC’s yearly highs around $10,500.

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