By CCN: Chief Market Analyst at ThinkMarkets, Naeem Aslam, has laid down an enticing marker in an email note to his subscribers to predict bitcoin price booming past the crucial $10,000 milestone.
Aslam believes that considering the recent spikes in price and the positive sentiment abounding through the cryptocurrency market, the price of bitcoin could cross a vital milestone in the coming days. Should it breach the $10,000 mark, it would have reached the halfway point of its all-time high of $20,000 from December 2017.
Entirely Bullish
Aslam has never been shy of his bullish beliefs in bitcoin and its performance as an asset. He has also often been proven right in his predictions as he noted that Bitcoin jump from $5,500 to $6,500 at the beginning of May.
“A real embarrassing moment for those who said that the currency would never recover from its losses,” Alsam expressed with relation to the price recovery of the significant cryptocurrency.
On May 26, within a few hours, the bitcoin price climbed from $8,000 to $8,939, up by more than 11.7 percent against the U.S. dollar. Bitcoin is up 136 percent year-to-date with the ‘real 10’ volume of bitcoin hovering at $1.6 billion.
The ‘real 10’ volume, which calculates the real daily spot volume of bitcoin by evaluating the volume on exchanges known to have verifiable volume by Bitwise Asset Management, is up nearly seven-times since March.