February 15, 2018 – Bitcoin (available on Coinbase) Price Watch. Bitcoin (available on Coinbase) kept its momentum up today, charging through the $9,500 barrier and now breaking through the $10,000 mark once again.

Bitcoin (available on Coinbase) Returns To $10,000

Yesterday, the price actions for BTC showed a major resistance level of $9,320. This was broken through earlier today, and now the coin has sizzled past the $10,000 mark once again across all major exchanges on its road to recovery. This is all in spite of negative comments earlier today from billionaire Charles Munger, vice-chairman of Berkshire Hathaway, who described Bitcoin (available on Coinbase) as “noxious poison”.

At the moment, there is a major bullish trend forming that could take BTC even higher depending on its price movements in the next hours. Recent actions indicate that BTC could trade between $9,990 and $10,100, and then stabilize there until its next move up.

Source: Tradingview

The MACD crossover in the last hour sparked the latest bull run. Right now, BTC is holding down a support at around $9,775, while a resistance at $10,000 is the target. Given that BTC is now up by 22% since this time last week, another 4-5% gain could be expected on a daily basis if it manages to eclipse $10,000 consistently.

It seems as though the market-wide correction is behind us. In addition to Bitcoin (available on Coinbase), other cryptocurrencies also saw similar gains or recoveries over the last two weeks. More good news could be on the way, as South Korea, one of the biggest crypto markets in the world, appears to be softening its attitude toward Bitcoin (available on Coinbase) et al.

In an interview with CNBC, Mati Greenspan, a senior market analyst at eToro, said: “FOMO (fear of missing out) is back in the markets.”

Looking at the Technical Indicators:

Hourly MACD — BTC/USD is in a bullish zone
Major Support Level — $9,775
Major Resistance Level — $10,000

Featured Image: twitter

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In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.