Bitcoin has now been above $10K for a whole year

Bitcoin has now been above $10K for a whole year


Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021.

While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries.

BTC/USD: One year in five figures

Trending: Tennessee teen fatally shot mom after she took his phone

On Thursday, BTC/USD officially hit 365 days trading in five figures.

A year ago, on Sept. 9, 2020, the largest cryptocurrency slowly eased into the $10,000 zone, never to return.

BTC/USD 1-week candle chart (Bitstamp). Source: TradingView

A month later, it was only $1,000 higher, but fast forward to the end of Q4 2020, and the situation was entirely different — Bitcoin traded at $28,000.

The transformation is widely anticipated to repeat itself this year. As Cointelegraph reported, even a “worst case scenario” for BTC/USD is $135,000 by Jan. 1, 2022.

Even legacy finance has come round to the concept of bullish continuation, notably this month in the form of Standard Chartered, which forecast a cyclical top of $100,000

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend