It’s the longest day of the year, and after one of the longest sideway for circa five weeks, bitcoin has moved up.
Bitcoin rose by just over 6% from $9,200 to $9,800 on unfiltered trading volumes of some $20 billion.
Everyone is now waiting to see if it will take $10,000, with few resistance levels thereafter.
Last time bitcoin reached this level on the way up was in November 2017, with bitcoin at that point briefly stopping at $11,000, then at about $14,000 where it faced some resistance, and then straight to $20,000.
CME bitcoin futures are already above $10,000 with the premium seemingly becoming bigger to now $200-$250. Likewise for OKEx and other futures on crypto exchanges.