₿itcoin Will Hit $10,000 In Next Two Weeks

Bitcoin is poised to reclaim $10,000 per unit as soon as the end of next week. This is what are studies have shown and we detailed our reasoning on yesterday’s article. Traders that haven not yet entered the market and are looking to get in from the long side current pricing for BTC futures on the CME’s most active contract (BTC K20) of May, sitting now at $9,335. Conservative traders should place their protective stop at $9,250, the 78% retracement level as well as strong resistance point that was rejected just prior to the 2020 crash.

Again Traders interested in Bitcoin futures that have not yet entered from the long side should do so now, buying May Bitcoin futures (BTC K20) at current print of $9,335 and place protective stop right below $9,250 at $9,000. Another option for those with less risk appetite may be to place stop higher at $9,250.