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Bitcoin (BTC) hit $ 15,000 on November 5, when enthusiasm for the US election spread from the macro markets.
Data from Cointelegraph Markets and TradingView showed that the BTC / USD pair repeatedly broke the $ 15,000 barrier throughout the day, eventually broke it to post a maximum of $ 15,200.
The price of BTC goes up by $ 1,000 in one day
The move seals a busy day for Bitcoin, which just 24 hours ago was trading below $ 14,000. The last time the BTC / USD pair saw $ 15,000 was in early January 2018.
In reaction, many well-known Bitcoin figures noted that it was time for the largest cryptocurrency to make a decisive move. The macroinversionist And Tapeiro, in particular, he praised the pricing models of the quantitative 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 which peaked at the end of ’17 and, especially, the end at the beginning of ’19. We are now at what I call the hodler’s sweet spot. Get paid to sit down. “
As reported by Cointelegraph, Some expected $ 15,000 to represent a major drag that would temporarily nullify Bitcoin’s daily earnings of over $ 1,000.
Others argued that technically there were very few obstacles in the way of new all-time highs once Bitcoin cleared the resistance at $ 14,000 and then $ 14,500.
“I’ve seen this show before”added Plan B, referring to the tracks bullish 2013 and 2017.
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