What better gift for Christmas than a $10,000 Bitcoin?
As reported by newsbtc.com, Bitcoin is returning to its bullish trend. The full price extension is all the way up to $10,514.63. Of course, there are several milestones to reach before price can reach that level.
The coindesk.com analysis concludes that if Bitcoin breaks through the $7,000 barrier, it is likely to consolidate on the uptrend. We didn’t have to wait long to see Bitcoin moving past $7k, as it closed at over $7,200 today.
The next level on the way to $10k is the 50% extension at around $8,000. There has been a lot of optimism about Bitcoin today, following the announcement of a mobile app company Square is testing with Bitcoin Payments. In other news, one of the world’s largest hedge funds, the Man Group, stated that the launch of Bitcoin futures contracts will convince it to make Bitcoin part of its “investment universe”.
If the promises of CME Chairman and CEO will come to fruition and CME will launch their Bitcoin futures in mid-December, we might receive our $10,000 a Bitcoin gift even before Christmas Day! What a topic for Christmas party…!