Cryptoenthusiasts rejoice: entrenched at the level of $9,000 per coin, Bitcoin price continues to grow and is approaching the psychological level of 10 thousand dollars. The capitalization of the entire crypto market over the past 24 hours exceeded $ 300 billion, which was also long expected by analysts.
Many market players are in a hurry to give their comments on the current bullish trend. Gemini exchange co-founder Tyler WINKLEVOSS says that if Bitcoin hits $10k, it will easily break past the $15k price level and also adds:
“It’s a cheap asset until it disrupts gold, however, the 2nd time breaking 10k will make it feel more “real” to many people.”Head of Research at Fundstrat Global Advisors Tom LEE had also earlier said a huge FOMO is coming once $10,000 is breached, that would potentially drive Bitcoin up to $40,000. As a matter of fact, he sees Bitcoin breaking the former highs including that of 2017 which happens to be the highest high so far. Meanwhile, trader Josh RAGER suggested that as soon as the most popular cryptocurrency exceeds $ 11,700, nothing will prevent it from rising to $ 20,000.