Bitcoin breaches the $8,900 mark for the first time in 2019

Bitcoin (BTC), the most popular digital asset in the market, for the first time in 2019 reached a new high of above $8,900 on Sunday before retracting slightly, according to CoinDesk’s price data. The last time Bitcoin peaked that high was in May 2018.

“Goodbye meme triangle, hello $9k+ targets. Some people were screaming triple top when the more obvious conclusion is retest after retest of resistance will finally lead to a break to the upside. Bitcoin could cool off, run sideways but IMO will continue to move up over $9k,” said Crypto trader Josh Rager who is expecting more gains with BTC pushing past $9k.

At the time of writing, Bitcoin was trading at $8,737.26. Meanwhile, other highly ranked cryptocurrencies like Ethereum (ETH), Litecoin (LTC), XRP and Bitcoin Cash were trading at $267.67, $113.83, $0.4214 and $432.86 respectively.

If the value of Bitcoin continues to see an upward trend in the coming days, it could very soon breach the $10,000 mark.

Source: CoinDesk