Crypto analyst and trader, going by the Twitter handle, Crypto Krillin, suggests that the possibility for Bitcoin to surge all the way up to $9,700 is still in play.
With the world's number one cryptocurrency hovering around the $8,500 price level, some analysts are convinced that BTC still has plenty of room to surge to higher highs.
Crypto analyst and trader, Crypto Krillin, is suggesting that BTC can break out of the wedge it is currently trading in, and then surge all the way to the $9,750 price mark.
'I don't know about you, but don't you expect the usual blow off top before a major correction?', he tweets.
'That would mean breaking this wedge to $9700+'
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Today, Chepicap's in-house technical analyst, Lourens Pepler, suggested that, for now, BTC is looking bearish on the higher time frame, but does think that it is possible for BTC to make one more push upwards, before any retracement.
Over the weekend BTC did manage to climb back to $8800 as momentum recovered. However, on Sunday, the first sign of bearishness showed, which were followed by a dip to $8300.
The question is now, does Bitcoin have enough gas left to get us to $9,700 or even $10,000? Or are we now on route again to lower lows?
