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

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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

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