It has been a wild 24-hours for Bitcoin and the aggregated cryptocurrency market
Following a long-held bout of consolidation, the benchmark digital asset is now breaking out and appears to be aiming for a test of its yearly high at $10,500
BTC’s latest break above $10,000 is different from those seen previously and has so far proven to be far more sustainable
Analysts are now noting that this movement has also allowed Bitcoin to shatter a multi-year descending resistance line formed since 2017
This means major upside could be brewing in the near future
Bitcoin was able to incur some tremendous momentum yesterday that allowed its price to surge as high as $10,300.