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Crypto Trader Luke Martin Expects Bitcoin (BTC) Price to Climb to $9,000 in Case of Bullish Daily Close

source-logo  news.u.today 08 October 2019 07:10, UTC

Bitcoin, the top coin by market capitalization, has endured a minor recovery over the last 24 hours with its price spiking by 4.5 percent.


According to crypto trader Luke Martin, BTC closing above $8,300 on Monday could strengthen its bullish momentum throughout the week. If the bulls persist, the crypto king could see the $9,000 in the short-term. 

$BTC showing some strength to kick off the week.

If price can close above the 8300 zone, I would expect follow through to atleast 8700-9k area. pic.twitter.com/ZUEctTM1ys

— Luke Martin (@VentureCoinist) October 7, 2019

"The Crypto Dog" seems to be on the same page. The popular trader says that Bitcoin needs a break above the $8,500 level for the bullish scenario to come into play. 

So far $BTC daily OB is holding, 72XX looking less likely. A break through 8.5 and I think we'll see a sizeable move to the next major resistance towards 9.4. pic.twitter.com/ihQlS2g23W

— The Crypto Dog📈 (@TheCryptoDog) October 7, 2019

Meanwhile, Ripple's XRP and Ethereum are staging a major comeback on their respective price charts. Veteran chartist Peter Brandt noticed that both of them were bottoming against Bitcoin. 

This is some bad news for BTC maximalists, considering that the crypto king's dominance has been on a decline as of lately. 

$BTC Dominance Weekly Update

Still falling, support broken. Shooting stars on high time frames are mighty powerful. pic.twitter.com/wDp5rD5Dyv

— The Wolf Of All Streets (@scottmelker) October 7, 2019
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