What happened to cryptocurrency today: Could this be highest bitcoin price ever? Bitcoin prices briefly reached the $10,000 mark for the first time in 2020 on February 9.
This is Bitcoin’s highest level since October 2019. According to experts, this is just the beginning before the lead cryptocurrency breaks through more higher levels.
BTC seals symbolic mark after three months
Data from Cointelegraph markets and Coinbase exchange showed that BTC/USD moved to $10,000 during a high volume spike but gradually pulled back to $9,975. This is the first time it reclaims its five-figure status after a four-month absence.
Within this period, the paired has dropped as low as $6,400 before experiencing a bullish turnaround which has seen 35% gains delivered in January only.
What the experts are saying
Traders have been gearing up for a strong directional move.
Mati Greenspan offered his opinion.
He said
“This isn’t the first time bitcoin has been valued above $10,000 and it might not be the last, but it is the first time that the valuation is justifiable based on fundamentals of the network.”
Mati Greenspan
Anthony Pompliano, co-founder and partner at Morgan Creek Digital
BTC price can reach $100,000 by the end of next year.
Anthony Pompliano
He drew this thought due to the increased demand and limited supply of BTC.
He said
“Bitcoin just hit $10,000. I still think that Bitcoin will hit $100,000 by end of December 2021. Fixed supply. Increasing demand. Time will tell.“
Anthony Pompliano
Crypto analyst Willy Woo commented on his Twitter handle. He wrote
“This breakout is the real deal. Fundamental investment activity is backing this $10k breakout.”
Willy Woo
Co-founder and CEO of BitMEX also gave a bullish view on the future price of the cryptocurrency. He commented on his twitter saying
“Nothing can stop me, I’m all the way up! Slow and steady wins the race. Let’s take the staircase up to bitcoin $20k.”
You can also read Ethereum Highest Price Ever
Could this be highest bitcoin price ever? Let’s get your thought.