Bitcoin on it way back to $10000 if it holds its value above $7000, crypto trader says.

Cryptocurrency trader Michael Moro says – If bitcoin holds its value around $7,150, it could be on its way back to $10,000. Speaking on CNBC’s Fast Money he mentioned – If the [$7,000] level holds, say for the next week, two weeks, the bulls will 100 percent be back. They will be more comfortable than the lows for the year are in, and that we are more likely to see $10,000, rather than $5,000. Moro, CEO of cryptocurrency trading firm Genesis Trading and of Genesis Capita said – Once the news broke about the SEC rejection and the price actually held, we did not see the 5, 10, 15 percent sell-off that you’ve seen in previous rejections. So I think the bears have realized they’ve run out of steam.

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