The world’s leading cryptocurrency shows some signs of both bearish and bullish momentum at the same time. The hourly Bitcoin price charts don’t always look too promising, yet the overall uptrend has not relented by any means. A push to $5,400 is very plausible at this time, albeit it will require a bit more effort by traders to make it happen.
BITCOIN PRICE CONTINUES ITS ONGOING UPTREND
Over the past few days and weeks, there has been a notable momentum shift where Bitcoin is concerned. After finally reclaiming $4,000, $4,500, and $5,000 respectively, traders started to get excited. Now that BTC remains above $5,200 without too many problems, that excitement seems to intensify, for obvious reasons.
Today’s momentum will keep traders excited. Although there is just a 0.8% Bitcoin price increase to $5,327, the current momentum confirms the uptrend hasn’t been broken by any means. Some of the hourly BTC charts don’t look overly promising but no real damage has been done so far. As long as the trading volume remains intact as well, there is no real to be concerned.
On social media, the ongoing uptrend has many people excited. BTC-Baker can live with a regular 10% increase in value, as it means the price has shifted by $530 or more in the right direction. As such, it appears this user expects a push to $6,300 fairly soon. That might be a bit too optimistic under these circumstances, but one never knows how things will unfold.
Crypto Millionaire App is one of the many people who keep an eye on Bitcoin’s price trend. He also likes to share memes with the community at times, which is certainly appreciated. It is evident there is a lot more to Bitcoin than just the price increases. Those who survive a few price cycles can be labeled as “veterans” in their own regard.