Bitcoin price bounce back to $10k First Time in 2020

[roemalsk]

Bitcoin (BTC) price regained $10,000 Feb. 8 restoring investor confidence just two months after touching a higher low of $6,500 compared to the $3,300 dip in early December 2018.

Bitcoin started the 2020 calendar year just over $7,200 and is now already increased to over $10,100 just 38 days into the 20’s decade.


Data from Coin360 shows BTC/USD put in a sudden rally on Tuesday Feb. 4, gaining more than 1000$ in 4 days and subsequently holding onto support above $10,000.



Bitcoin price bounce back to $10k

[1714911971]

1714911971

[thisnewcoin]

So, we can tell this year gonna be positive for the crypto market! When many people lost hope by seeing the 6500$ price, then this happened! Within 38 days, Bitcoin hits 10K USD! Now I think this rally will stay longer and will hit a higher price even before the halving! And after the halving lands, the whole crypto market's environment will be changed into the bullish zone. 

[criza]

Bitcoin (BTC) price regained $10,000 Feb. 8 restoring investor confidence just two months after touching a higher low of $6,500 compared to the $3,300 dip in early December 2018.

Bitcoin started the 2020 calendar year just over $7,200 and is now already increased to over $10,100 just 38 days into the 20’s decade.


Data from Coin360 shows BTC/USD put in a sudden rally on Tuesday Feb. 4, gaining more than 1000$ in 4 days and subsequently holding onto support above $10,000.



Bitcoin price bounce back to $10k

We could really see the effect of the upcoming halving event. In my opinion, the sudden rise on the price of Bitcoin is because of the investors and holders trying to buy a lot of stock of Bitcoin before the halving, causing a massive decrease in the supply of Bitcoin that could explain why the price of Bitcoin is still gaining momentum and increases its price day by day.

One possible reason is the Bull run. It might already happening.

[7788bitcoin]

Bitcoin (BTC) price regained $10,000 Feb. 8 restoring investor confidence just two months after touching a higher low of $6,500 compared to the $3,300 dip in early December 2018.
Bitcoin started the 2020 calendar year just over $7,200 and is now already increased to over $10,100 just 38 days into the 20’s decade.

The price was able to break $10k and i was waiting to see how it will do in the next couple of days and it is clear now it was not able to retain that valuation as the price went down below $10k before there was a huge profit booking, but it is a matter of time we get the momentum back and the cross the barrier once again. Either way it is a good valuation and i am expecting the market to go down further before the huge rally.