It’s not just 10 thousand.
It’s 10 THOUSAND!
Bitcoin is on fire!
The main cryptocurrency just broke through
the key $10,000 benchmark, going past the
11K, which its its highest point since March
$10, 000 is a key psychological level, as
now we are halfway to reach the most important
resistance level of all: the $20,000 all-time
Also this week, Bitcoin hash power reached
its all time high, which indicates a rising
interest in bitcoin mining.
As pointed out by veteran trader peter Brandt,
this is the fourth hyperbolic growth for Bitcoin
since 2010, which makes Bitcoin “a market
as no other”.
Many are saying that the announcement of Libra,
Facebook-backed cryptocurrency, caused the
spike in Bitcoin price as the new coin is
deemed to bring cryptocurrencies into the
Others observers say that the approaching
Bitcoin halving scheduled for 2020 will be
driving prices even higher.
However, not everyone in the space is caught
up in the hype.
Derivative trader and Bitcoin maximalist Tone
Vays has a far more cautious in celebrating
the new bull run.
Interview with Tone Vays, derivative trader
and Bitcoin maximalist
It doesn’t look like the 10000 number means
anything when it comes to Bitcoin foremost
setting in and everyone is driving the price
Whether that’s reasonable or not.
is giant Rise of Bitcoin makes me very very
I did feel like the latter half of 2017 the
prices got out of control but this time and
we paid for it with a big drop from twenty
thousand to three thousand.
I feel that this current rise is even more
dangerous than the 2017 rise.
Mostly because people are going to believe
in the old coins again.
I don’t think anyone learned their lessons
and it’s just this whole thing makes me nervous.
What do you think guys?
Is it the start of a new unstoppable bull
run or we will see Bitcoin dropping again
in the near future?
let us know in the comments below!