CEO Gemini points to a new record for Bitcoin to keep the price above $ 15,000
Co-founder and CEO of the Gemini cryptocurrency exchange Tyler Winklevoss drew the attention of his Twitter followers to a new record for Bitcoin, which is to keep the price above $ 15,000 for four days in a row.
“Bitcoin closed above $ 15,000 yesterday for the fourth day in a row. This is the first time in history that Bitcoin has been held at its current price level for 96 hours. A new record, “Winklevoss wrote..
Bitcoin price climbed above $ 16,000 today for the first time since January 2018, but quickly pulled back and is now slightly below that level..
Analysts at Santiment, meanwhile, say the whales are showing confidence in bitcoin. They came to this conclusion on the basis of monitoring addresses containing at least 10,000 BTC. The number of such addresses recently returned to annual highs at around 111. In addition, there are now 2,129 addresses from 1,000 to 9,999 BTC, which is only 6 less than the absolute maximum.
Analyst Willie Wu, known for his high expectations for the first cryptocurrency, provides a graph that shows why he believes Bitcoin is at the beginning of the next major rally..
“The green circles correspond to the points at which we are in the current macrocycle. The beginning of a major bullish rally. Bitcoin’s blockchain level relative strength index is just starting to heat up. Red vertical lines correspond to halvings, providing a bullish impulse to the supply crisis “.
According to Wu, Bitcoin could peak during the current cycle by December 2021. “Like last time, you have to sell to pay taxes,” he added..
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