Bitcoin Price Moves Back to $10,000 – Is it Really Heading towards $50,000?

Bitcoin Hits $10k

Bitcoin (BTC) has almost hit the résistance level of $10,000 in today’s trading. The market trends are steadily moving in favor of bulls following a horrible crash in the last couple of weeks.

The main reason for this is said to be South Korea’s retraction from it’s earlier stance; authorities had previously threatened to forbid cryptocurrency trading by imposing harder regulations. It’s newly adopted more lenient approach to crypto trading has sparked a broader market rally in prices as trader sentiments are now positive again.

Dan Morehead, who bought his first bitcoin …

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