In just 12 hours the market capitalization increased from 262 billion to 284 billion.
And this is only the beginning of the month and June brings good vibes to the ecosystem and to the primary cryptocurrency. After trying for 5 times the resistance level of $ 10,000 managed to break and the descending trend line during the month of May, it finally happened on the first day of June.
Bitcoin's price just moments ago just broke through massive resistance and soared to peak at $ 10,500 on most exchanges. At the time of writing these lines
The $ 10,000 was reached on May 7, 2020, just a few days before the halving event. However, the cryptocurrency did not hold for long and quickly dropped to $ 8K in the following days.
after the pandemic
After the breakout, Bitcoin is at its highest level since February 13, 2020, the day the primary cryptocurrency hit the price of $ 10,500, the same levels it recorded just an hour ago.
Bitcoin experienced volatile times in recent months, while the lowest price reached was $ 3,650 on the exchange on March 12, 2020. Bitcoin's volatility correlated with world markets, while Wall Street fell around 30 % at its peak in mid-March.
Upcoming main goals for BTC
After the breakout, Bitcoin now faces a colossal resistance level of $ 10,500, which is also the 2020 high since mid-February.
In case Bitcoin can break above, the next targets would be $ 10,700, $ 11,000 and Higher is $ 11,900
After today's massive move of over $ 1000, a healthy correction is also an option: Support levels are at $ 10,200, while Bitcoin can also retest $ 10,000 to confirm, and even retest $ 9,800. once again.