Following the new announcements regarding the price of Bitcoin in the cryptocurrencies market, the highest volume of the market rose to the highest level of the year with 11.000 dollars.
Bitcoin, 11 thousand saw the highest level of the year. Tyler Winklevoss, co-founder, and co-founder of Gemini, the US-based cryptocurrency exchange, said the largest cryptocurrency could go up to $ 15,000 with the continued increase in Bitcoin. Winklevoss said that after seeing Bitcoin’s $ 10,000 level, the $ 15,000 level could certainly be seen.
27 PERCENT IN THE LAST 10 DAYS
Bitcoin, who acted after Winklevoss’s statements, rose 5.8 percent in the last 24 hours to $ 11.000. This was the highest level he had seen throughout 2019. With the recent rise, Bitcoin rose 160 percent against the dollar in 2019. In the last 10 days alone, the rise in the world’s largest crypto currency was 27 percent.
FACEBOOK’S CRYPTO COIN “LIBRA!”
Meanwhile, Ethereum, which ranked second in terms of market value, gained 5.5 percent in the last 24 hours. Reaching $ 284, Ethereum earned 112 percent of its investors throughout 2019. This latest rise in Facebook’s own crypto money ‘ was also effective in introducing. Although there is no connection between Bitcoin, Ethereum and Libra, the fact that a company like Facebook is entering the crypto currency market has increased confidence in the market in general.
Bitcoin broke the historic record on November 27, 2017 with $19,981.
The price of Bitcoin, which has been on an upward trend since the beginning of 2019, rose above $ 5,000 in early April, signaling that bulls returned to the market. Moving in the band of $ 5,000 to $ 7,000 in April and May for two months, the price went above $ 8,000 in mid-May and ultimately broke the $ 9,000 threshold on June 16.
Bitcoin has remained at this level since then, and even continues to increase.
Is $40,000 Possible for Bitcoin?
According to Rager, the most important resistance point Bitcoin should break is 11,700. According to the analyst, breaking $ 11,700 means breaking resistance points at $ 14,000 and $ 16,000, and both optimistic and greed can push the price to new levels.
Of course, the only point to be exceeded for this seems to be $ 11,700. In addition, Fund Lee’s famous name, Tom Lee, had raised FOMO by over $ 10,000, which could raise us to $ 40,000.
What Causes Increases?
Since the beginning of 2019, there have been many positive developments in the market. The last of these was, of course, Facebook’s release of the crypto money project Libra’s whitepaper. Crypto currencies measured the pulse of the market and began to increase two days after this news. In other words, Facebook’s move and the satisfaction of the majority of the market may have triggered today’s increases.
Market Dominance with Bulls!
The price of Bitcoin was traded at $ 11.000, an increase of approximately 4% in twenty-four hours at the time of writing. After moving the bitcoin price above $ 10.000, it reached the level of 11.000 and is very close to $ 11.500.