10 days left before halving, BTC is preparing to break the $ 10,000 mark

Bitcoin (BTC) is up 20% this week, rising to $9,400, with transaction volume also more than doubling.and strengthened the upward momentum.

If Bitcoin crosses the resistance level at $ 9500, in the near future he will be able to break through the resistance level of $ 10,000. It is expected that in this process the upcoming halving will become the main price catalyst. However, we are currently seeing a rollback to $ 8,800.

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Investment sentiment is also significantlyrose compared to April 29th. According to Alternative cryptocurrency data provider, the “crypto fear and greed index” scored 44 points, which is 18 points more than the previous day.

A value close to 0 indicates extreme fear in the market, a move to 100 reflects growing optimism and optimism.

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Daily MACD (Convergence / Diffusion Index)Moving Average), which is the main technical indicator, is currently gaining momentum in the bull sector. BTC broke a key resistance of 8 thousand dollars to open the door for 10 thousand dollars. If BTC does not overcome the resistance level of 9.5 thousand dollars, it may retreat to the support line of 8.5 thousand dollars.

According to TradingView, relativelyMarch 13, the value of $ 3850 BTC / USD added more than 130%. This recovery rate far exceeds the dynamics of the Dow Index. According to cryptotrader Alex Saunders, bitcoin again became the most effective asset in 2020.

Dan Morehead, founder of Pantera Capital, a cryptocurrency and blockchain company, tweeted that Bitcoin's price increase exceeded gold this year.

Venture capitalists warn you not toHurry to celebrate the return of the BTC bull market. CoinShares Strategy Director Meltem Demirors, a digital asset management company, emphasizes that the price of BTC has skyrocketed, but the mood is not yet bullish.

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