Bitcoin has reached a new all-time high for the year, reaching $9,768 after soaring past the next resistance level of $9,400.
BTC is currently trading at $9,708, up 4.34% within the past 24 hours. Crypto analysts are predicting that FOMO (fear of missing out) may kick in if Bitcoin can climb above $10,000.
Says Fundstrat Global Advisors co-founder Tom Lee,
“I think Bitcoin ultimately becomes a reserve currency in crypto. Bitcoin at $9,000 has only been at this level in 4% of its history. We’re deep into a bull market and people are pretty silent about it. I think Bitcoin is going to easily take out its all-time highs.”