Bitcoin Hits $9,000 and is Still Rising

11/26/2017

As Bitcoin passed $8,500 for the first time, I mentioned that it could be a move all the way to $9,000. That has proven to be the correct, with Bitcoin just crossing the 9k mark. And ... it is still rising.

Next stop $10,000? A move to five figures certainly presents a psychological barrier to both potential investors and holders of Bitcoin. Taking this into account, it will be very interesting to see if there is a sell off just prior to 10k, leading to a significant but temporary correction.

If this does prove to be the case, recent history has shown that even a serious correction in the Bitcoin price can quickly be regained, along with a further move to the upside.

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