One analyst on Twitter has indicated bitcoin has a very good chance of surpassing $10,000 next month

• Over the past month, there have been a lot of indicators that would suggest that bitcoin is getting ready to break out. 
• These signals specifically show bitcoin is in the best position it can to make such a bullish movement and even trade above $10,000. 

Over the past month, there have been a lot of indicators that would suggest that bitcoin is getting ready to break out. These signals specifically show that bitcoin is in the best position it can be to make it such a bullish movement and even trade above the $10,000 key resistance level. 

There are many analysts and traders out there that are unsure as to where the leading crypto coin will go next but they don’t necessarily take a bearish stance. 

Now though, over the last three weeks, there have been signs that indicate more certainty throughout the industry. 

There is a 90% chance now that bitcoin could be greater than $10,000 in August according to one crypto analyst. 

The analyst made a price forecast on Twitter where bitcoin seems to have crossed the lowest prices to consistently trade higher for a significant amount of time.

The green line is the Lowest Price Forward, 90% threshold. 90% of #bitcoin prices are above this line on each respective day. There is a 90% chance bitcoin > 10k in August. #Bitcoin #10KCountdown pic.twitter.com/9C93omWC9p

— Timothy Peterson (@nsquaredcrypto) July 13, 2020

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!