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Home / Market News / Bitcoin Prices Destroy Predicted $10k Mark, Bubble Fears Quashed ?

Bitcoin Prices Destroy Predicted $10k Mark, Bubble Fears Quashed ?

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As predicted by the likes of Tim Draper, bitcoin prices have indeed broken the $10000 mark. At the time of writing bitcoin prices stood firmly at the $10,028 mark. Squashing critics crying “bubble”, markets have remained above the $10k mark for over 2 days as new liquidity flows in.

As seen in the graph below, bitcoin prices have exceed all expectations staying afloat at the $10k mark during the start of the current week, up from the $8k seen last Thursday.

Bitcoin prices hitting the $10k mark

To conclude, bitcoin prices have been exploding as of recently climbing from $6000 just weeks ago to current prices of $10,000/ Showing huge growth many have profited enormously almost doubling their investments within a matter of weeks. The future of bitcoin looks bright as many believe current movements are not representative of a bubble, rather explosive but sustained growth which is fueled by the possibilities of services developing to allow institutional investors safely invest in the fluid crypto markets. Currently trading volumes remain just over $9 billion across a number of exchanges allowing the current prices to be maintained for 72 hours at the minimum.

Speculation:
If prices remain above the $10,000 mark for over 4 days, markets are likely to grow further with targets of $10,500 being set for the end of the week, it may yet still be profitable to purchase bitcoin. On the flipside, if prices break the $9900 point within the next 24 hours, we may see a short term correction to $9500 where support is stronger.
You can purchase bitcoin from Nigeria’s leading bitcoin exchange, NairaEX at market premium rates and have your bitcoin delivered within a matter of hours !

Disclaimer : Please trade responsibly, losses can exceed deposits as the value of your investment changes. BTC.ng or the author can not be held responsible for any financial losses.

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