Institutional investors' belief in Bitcoin (BTC) prices has surpassed the $ 10,000 mark this week as the market looks set to continue rising higher.
CME reaches $ 10K per Bitcoin
Data from Bitcoin's future CME Group shows that Bitcoin price implies reaching 5 symbolic numbers on February 6.
Since then, a small correction has caused the BTC / USD pair to decline slightly - currently trading at $ 9,800, while CME's Bitcoin future remains hovering around $ 9,900.
Optimistic sentiment has been accompanied by sustained price increases for Bitcoin during the past week of trading.
After testing support of $ 9,000 on February 4, the price of BTC suddenly jumped to reach a peak of $ 9,840 - the best position of the king since mid-September last year.
As Toiyeubitcoin reported, Bitcoin's annual performance is currently at 35%, second only to Tesla shares so far this year.
The analyst sets a target of $ 10,000 in the near future
According to filbfilb - a regular analyst for CoinTelegraph, the price at the time of writing represents an important turning point for the BTC / USD pair, with a major move in one of two strong ability directions.
"The overall picture is very good in the near future ... It would be great if CME brought it past $ 10k at the end of the session," he told his Telegram followers on Friday.
Filbfilb added that he found potential support at $ 9,550 if a sell-off occurred.
Meanwhile, futures markets continue to achieve new achievements, with huge derivatives trading platform BitMEX witnessing a record number of open contracts reaching its futures product - 1, 5 billion USD.
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According to CoinTelegraph
Translated by ToiYeuBitcoin