Bitcoin Breaking the Yearly Highs Yet Again!
Wanna try and call the top of BTC right now? Not me, that's for sure. The latest tear in price has Bitcoin sitting just below $8,000. And it'll probably break higher by the time this post gets published. Good news for some, not so good for others. Altcoin holders and people who didn't buy cheaper BTC, please stand up. I most certainly fall into both of those categories, but what the hell. I'm sure "alt season" is on it's way and should arrive at some point soon. So, what could BTC do next?
Well, we got the highs of around $8,500 back in July 2018 and also $10,000 in May of the same year. So my guess is that this bull run "should" be due a pullback and those resistance levels are the ones to consider. But does that necessarily make them the big targets to watch out for? When bitcoin decides to moon, technicals take a backseat. Hell, more like they get thrown out of the damn car entirely! We've seen it in the past before, on more than a few occasions.
This latest move only gives my view further credence that we will most likely never see a $3,000 Bitcoin ever again. And that's a good thing for crypto in general. As the big whales continue to buy up vast amounts of the "digital gold" asset, it puts eyes on the space as a whole. Thousands of eyes. After all, everyone wants to make a buck outta this. The very fact that a single "coin" of anything can be worth $8,000 of more, boggles the minds of the average person out there. Although you and I have been used to this very concept same for a long time already.
I assumed, as many did at the very start of the year, that BTC would be ranging below the $6,000 mark. That so-called impenetrable level simply got decimated. Now I'm of the mindset that the 5-figure Bitcoin is not that far off. Coz once that hits, it's moon city, peepz...
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Moon city it is....heard a rumour though that tether funds being moved to bitcoin caused the spike.
Kool... As always, rumours can sometimes be Bitcoin's best friend. :)
That’s the nature of crypto! Congratulations to Mother Crypto (Bitcoin)
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And she's on the rampage again! :)
Moon City! 😂
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Bigtime! :)
Also amazing to see the volumes behind this and the lack of sellers as shorts are being destroyed! I think supply is thin and traders are realizing it!
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This came out the blue. Who would have thought this would ever happen just a couple of months ago, eh?