If Bitcoin Hits $8K, What Will Happen Next?

Cointelegraph

Published Apr 09, 2020 12:42PM ET

Updated Apr 09, 2020 02:20PM ET

Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.

For Charlie, $8K is an important milestone, but not one that has him convinced:

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