Bitcoin Could Still Rally Towards $10k

JefeCaan
JefeCaan
May 6, 2020 at 12:11 AM
Bitcoin is testing $9k over and over again which has increased the odds of a break higher towards $10k. Another good reason why that could happen is that the majority of traders and analysts have turned too bearish again. There is no denying that we are going to see a major decline after this, but short term there is room for further upside. That being said, chasing this move towards $10k is not worth the risk/reward. Lest we forget, just recently after a similar rally, we saw BTC/USD crash more than 52% in less than 24 hours. 
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