{"id":415565,"date":"2020-02-22T04:00:29","date_gmt":"2020-02-22T04:00:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=415565"},"modified":"2024-06-11T13:42:20","modified_gmt":"2024-06-11T13:42:20","slug":"bitcoin-breaking-key-level-10000-could-send-to-the-moon","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-breaking-key-level-10000-could-send-to-the-moon\/","title":{"rendered":"Bitcoin Breaking This Key Level Above $10,000 Could Send It to “the Moon”"},"content":{"rendered":"

Ever since Bitcoin shot over 1,000% higher in 2017 to hit $20,000<\/a> \u2014 a price point that was once seen as relatively unobtainable by even some of the cryptocurrency’s most dedicated bulls \u2014 analysts have been waiting for the asset to “moon” once again.<\/p>\n

It appears that the moon, a noun-turned-verb used to describe the price of assets rising an extremely rapid clip, is rapidly approaching \u2014 if Bitcoin can break one key level that is.<\/p>\n

Bitcoin Needs to Break Past Ultimate $14,000 Level<\/h2>\n

While the price of the leading cryptocurrency surged as high as $20,000 in 2017, it didn’t stay at this level for long, failing to establish any semblance of support in that region. In fact, it closed the month of December at $14,000 \u2014 30% below the all-time high as bulls failed to maintain momentum.<\/p>\n

For those not versed in technical analysis, this close meant that $14,000 became the<\/em> level to cross above on a monthly basis, for a close above this ultimate resistance would suggest a higher high has been established.<\/p>\n

A chartist going by “Delboy” doubled down on this in a recent tweet,<\/a> remarking that Bitcoin’s long-term chart is showing signs that $14,000 might be key in launching the price of BTC “to the moon.”<\/p>\n

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$BTC<\/a> 1M chart. Slightly different take on the dominant chart structure. is $14'000 key to launch BTC to the moon? pic.twitter.com\/lKz5lUbjAQ<\/a><\/p>\n

— Delboy (@sp184eib) February 21, 2020<\/a><\/p><\/blockquote>\n