Back to top

Bitcoin price breaks $10,000!

Updated: Mar 3

Where next?

Bitcoin sailed through the much coveted psychological $10,000 level for the first time in 2020 over the weekend and it seems that prospects for the dominant crypto currency are looking up.

So what could possibly drive the price higher?

The Bitcoin halving is edging closer (Bitcoin Halving explained Blog)

In early May this year, the number of bitcoins entering the market every 10 minutes will halve from 12.5 to 6.25 bitcoins.

This is a built in deflationary tool within the protocol. If we accept that demand will stay the same (or even increase), then basic rules of supply and demand could see the price of Bitcoin rise.

Bitcoin bulls are doubling down

Bitcoin proponents are talking up Bitcoin’s prospects, such as Tom Lee of Fundstrat global advisers, who believes that Bitcoin could rise above its all-time high of $20, 000 and beyond, citing its average 6 month gain after breaking above its 200 day moving average is circa 190%.


Investors are switching out of more traditional assets that could be affected by the coronavirus. The virus has halted or disrupted manufacturing and commerce throughout China and it is still unclear what the true extent of the damage could be to the global economy.

Any investment in Bitcoin is classed as high risk and therefore only funds that you can afford to lose should be invested in Bitcoin other Crypto currencies or any other high risk investment for that matter.

If you like our article, please do share using any of the methods below. Thank you !


Any post is prepared for informational purpose only, with no recommendation or solicitation to buy or to sell. The background of any individual or other investor has not been considered in providing these posts. Individuals and other investors should seek independent financial advice which considers their specific risks, objectives and specific constraints, and make their own informed decisions. Individuals and other investors should note that investing in shares carries a degree of risk and the value of investments can go up or down. Past performance is not a reliable indicator of future performance.  Investments should be made with regard to an investor’s total portfolio.  Guardian Stockbrokers, its independent third party provider and its employees make no representation or guarantee with regard to any investment noted on this report, and shall therefore not be liable with regard to any loss.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.


All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Guardian Stockbrokers Limited is authorised and regulated by the Financial Conduct Authority (No. 492519).

Registered office: 14 City Road, London EC1Y 2AA. Registered in England and Wales. Company No. 06756375.