Peter Smith
According to the blockchain enthusiast, Ivan (@IvanOnTech), Bitcoin (BTC) has chances to get to $15,000 soon.
Over the past weekend, the bulls continued to try to gain a foothold above the trendline of the local up-trend. On Saturday, they managed to renew the July's high in the area of $9,750, and after a pullback, the trend line provided support for the pair, and a strong bullish momentum broke through the resistance of $9,800, updating the monthly high to $10,200.
Before the end of the week, the pair returned to the psychological level of $10,000, but sellers could not achieve a pullback below the level of $9,800 and the week has started with a recovery in the area of the monthly high.
In the morning, Bitcoin (BTC) has already overcome the level of $10,300.00, and on the daily time frame, the Stoch RSI indicator lines are going off scale in the overbought zone. One may consider that today the growth may continue and the leading crypto will update the annual maximum of $10,500, set on February 13.
The pullback from the renewed high can be quite deep. By the end of the day, the BTC price might still hold above the psychological level of $10,000.
Bitcoin is trading at $10,429 at press time.
Peter Smith
