The market comes to life - Bitcoin at annual highs.
The events of last week may be the last argument in favor of the statement that cryptozyme is finally completed. Thus, Bitcoin made an impressive leap up, the culmination of which was the Saturday capture of the bar, first at $ 10,000 and then at $ 11,000. At the same time, at the beginning of the week, the first cryptocurrency was trading at levels just below $ 9,000.
The small correction that followed to levels of $ 10,500 - $ 10,700 was hardly discouraged by investors. Convinced of the further growth of Bitcoin and numerous experts. So, the co-founder of the Gemini exchange, Tyler Winklevoss, said that after Bitcoin overcomes the $ 10,000 barrier, there is no doubt that he will soon take the $ 15,000 mark.
If bitcoin breaks 10k, you can bet it’s going to break 15k...👍🏻🚀
— Tyler Winklevoss (@tylerwinklevoss) June 19, 2019
Well-known technical analyst Peter Brandt, meanwhile, expressed the opinion that the long-term goal of the price of the first cryptocurrency is $ 100,000. According to him, since 2010 the BTC / USD pair is in the fourth parabolic phase.
“No other market in my 45 years of trading looked on logarithmic graphs in this way. Bitcoin is a market unlike any other, ”Brandt said.
As of Sunday evening (17:50 UTC), the weighted average BTC rate was around $ 10,750 with a capitalization of $ 191.1 billion. Over the past seven days, the price of the first cryptocurrency, taking into account the Sunday correction, increased by more than 18%.
Bitcoin has set growth and the rest of the market, the cumulative capitalization of which now exceeds $ 326 billion.
Among the most popular Altcoins, we turn our attention to Monero, which during the reporting period has risen in price by more than 20% and is now trading at around $ 116.5 and Ethereum, which managed to overcome the psychological barrier of $ 300. Also this week, Binance Coin rose to record levels against the dollar, retarding growth in the near approaches to $ 40, while XRP approached close to $ 0.50.
