empty
14.05.2019 08:05 AM
BITCOIN reached the milestone $8,000. May 14, 2019

BITCOIN bounced off $7,500 amid the impulsive bullish momentum as expected. So, BTC reached the next milestone price area of $8,000 in the overnight trade in no time. The price is trading in the impulsive and non-volatile manner. Amid the persistent bullish pressure, BTC is expected extend its wings further with a target towards $10,000 area in the coming days.

Bitcoin has hit the highest level since mid-2018, posting a 14% gain as of the time of writing this article. It isn't clear when the buying activity is going to stop, but this is quite a sight to behold. As the leading cryptocurrency has boomed, pushing past key resistance levels, they are nothing more than soggy pieces of parchment, other crypto assets have done relatively poorly. With this move, BTC has surged past a number of key resistances, namely $7,400 and $8,000, and cements the bullish sentiment in the mind of traders worldwide.

What makes this move even more promising is that according to Google Trends, the search terms for "Bitcoin" and "buy Bitcoin" have to surge higher, indicating that much of the rally is being caused by those already involved in the crypto trade. Moreover, Grayscale's Bitcoin Trust (GBTC) saw $150 million in trading volume on Monday, which is a sign that institutional investors and accredited investors are throwing their hats into the ring rapidly.

On the USD side, the US is due to present retail sales data on Wednesday. Analysts have downbeat expectations about it. US retail sales are expected to slump to 0.2% from the previous value of 1.6%. Moreover, recently published negative economic reports and the unsettled trade conflict between the US and China could undermine BTC momentum.

To sum up, Bitcoin is assumed to retreat towards the dynamic level of 20 EMA along the way again before the price breaks above $8,000 price area with a confirmed daily close to indicate further upward pressure. The upward target could be projected towards the next milestone price area of $10,000 in the coming days. As the market is building momentum like this, Bitcoin is expected to sustain the impulsive bullish momentum along the way further.

SUPPORT: 7,000, 7500, 7,750

RESISTANCE: 8,000, 8,250, 8,500

BIAS: BULLISH

MOMENTUM: NON-VOLATILE

This image is no longer relevant

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con el Bitcoin (BTC/USD) el 13 de mayo según el sistema ICT

El Bitcoin continúa su crecimiento explosivo y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $31 000, eliminando por completo la caída provocada "por Trump"

Paolo Greco 07:22 2025-05-13 UTC+2

Recomendaciones para operar con el Bitcoin (BTC) el 12 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $30 000, neutralizando completamente la caída provocada

Paolo Greco 09:05 2025-05-12 UTC+2

El Bitcoin no se detiene: de $96 600 a $104 500 en un solo día

El Bitcoin actualizó el nivel de $104 500, aunque ayer por la mañana se negociaba a $96 600. La consolidación por encima de los $100 000 indica claramente el retorno

Jakub Novak 10:30 2025-05-09 UTC+2

Análisis del par BTC/USD. El 9 de mayo. El Bitcoin sigue batiendo récords

El conteo de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más complejo en los últimos meses. Observamos una estructura correctiva descendente que finalizó

Chin Zhao 07:45 2025-05-09 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 8 de mayo

El Bitcoin se detuvo a un paso de los $100 000, y el Ether logró alcanzar la marca de $1900. Este fuerte crecimiento del mercado de criptomonedas confirma

Miroslaw Bawulski 11:15 2025-05-08 UTC+2

El Bitcoin a un paso de los $100 000

El Bitcoin actualizó el nivel de $99 400, quedándose a un paso de la marca de $100 000, lo que indica sus serias perspectivas alcistas en el corto plazo

Jakub Novak 11:15 2025-05-08 UTC+2

Recomendaciones para operar con el Bitcoin el 8 de mayo según el sistema ICT

El Bitcoin lo ignora todo. Ayer por la noche se supo que la Fed no bajará la tasa clave en un futuro próximo. Jerome Powell declaró

Paolo Greco 07:40 2025-05-08 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 7 de mayo

El Bitcoin y el Ether lograron demostrar un nuevo crecimiento en medio de buenas noticias relacionadas con la legislación sobre criptomonedas. El Bitcoin se negocia actualmente a $96 700, rebotando

Miroslaw Bawulski 10:39 2025-05-07 UTC+2

Recomendaciones para operar en el Bitcoin el 7 de mayo según el sistema ICT

El Bitcoin ha comenzado a caer, pero de momento esta caída es demasiado débil. A pesar de la ruptura de la estructura bajista, esperamos una caída de la primera criptomoneda

Paolo Greco 07:26 2025-05-07 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 6 de mayo

El Bitcoin y el ether pasaron el día dentro de un canal lateral, aunque los signos observados de ventas activas durante la sesión americana de ayer generan ciertas dudas sobre

Miroslaw Bawulski 12:08 2025-05-06 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.