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Bitcoin (BTC) hit $ 15,000 on November 5 as enthusiasm for the US election spread from macro markets.
Data from Cointelegraph Markets and TradingView showed that BTC / USD repeatedly faced the $ 15,000 barrier throughout the day, eventually breaking it to post highs of $ 15,200.
The price of BTC goes up by $ 1,000 in one day
The move marks a hectic day for Bitcoin, which traded below $ 14,000 just 24 hours ago. The last time BTC / USD saw $ 15,000 was in early January 2018.
Reacting, many well-known Bitcoin figures noted that it was time for the largest cryptocurrency to make a decisive move. Macro investor And Tapeiro in particular he praised the pricing models of the quantum analyst PlanB.
“Now entering what is called the ‘moment of realization’ for #Bitcoin,” he tweeted.
“Let’s give (PlanB) some credit here. I like this model that chose the top at the end of ’17 and, above all, the bottom at the beginning of ’19. We are now in what I call the hodlers sweet spot. Get paid to sit down. “
As Cointelegraph reported, some expected $ 15,000 to represent a major drag that would temporarily nullify Bitcoin’s daily earnings over $ 1,000.
Others argued that technically, there was very little obstacle to new all-time highs once Bitcoin overturned the resistance to $ 14,000 and then to $ 14,500.
“I’ve seen this show before” Plan B added, referring to the 2013 and 2017 bull runs.
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