The Bitcoin price rose to as much as $ 15,300. The rise is reminiscent of the 2017 bull run.
Bitcoin ( BTC ) hit $ 15,000 on November 5. The excitement about the US elections remains.
Data from Cointelegraph Markets and TradingView showed that the BTC / USD pair repeatedly crossed the $ 15,000 mark throughout the day, eventually peaking at a high of $ 15,200.
BTC price climbs $ 1,000 in one day
This move was the result of a hectic day for Bitcoin. Just 24 hours ago, it was less than $ 14,000. The last time the BTC / USD pair hit $ 15,000 was in early January 2018.
In response, many well-known Bitcoin celebrities declared that it was high time for the largest cryptocurrency to make a decisive move. The macro investor Dan Tapeiro particularly praised the course models of the analyst PlanB.
„Now is the so-called ‚moment of knowledge‘ for #Bitcoin,“ he tweeted
„Let’s give PlanB some credit here. I like this model, which forecast the top at the end of 2017 and, above all, the bottom at the beginning of 2019. We are now at the so-called ideal point of the Hodler. You get paid for sitting around.“
As Cointelegraph reported , some people expected that $ 15,000 would be a major drag, temporarily wiping out Bitcoin’s daily gains of over $ 1,000.
Others argued that, technically, there was very little standing in the way of a new all-time high after Bitcoin broke the resistance at $ 14,000 and then at $ 14,500.
„I’ve seen it before,“ said PlanB , referring to the bull runs in 2013 and 2017.