Bitcoin (BTC) hit $ 15,000 on Nov. 5 when excitement over the US election flooded from macro markets.
Data from Cointelegraph Markets and TradingView showed that BTC / USD tackles the $ 15,000 barrier repeatedly throughout the day, eventually breaking it to post press time highs of $ 15,200.
BTC price is going up $ 1,000 a day
The move seals 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.
Many well-known Bitcoin figures responded that it was high time for the largest cryptocurrency to take a decisive step. Macro investor Dan Tapeiro particularly praised the pricing models of quant analyst PlanB.
“Now entering what has been called the ‘moment of realization’ for #Bitcoin,” he tweeted.
Let’s give (PlanB) some credit here. I like this model that chose the top end of ’17 and especially the bottom of early ’19. We are now in what I call the sweet spot of the hodlers. Get paid to sit. “
Such as Cointelegraph reported, some expected that $ 15,000 would form a major resistance that would temporarily destroy the $ 1,000 plus $ 1,000 daily profit.
Others argued that technically very little stood in the way of new record highs when Bitcoin toppled the resistance at USD 14,000 and then USD 14,500.
“I’ve seen this show before,” Plan B added, referring to the 2013 and 2017 bull runs.