Bitcoin has been at $10000 for over 63 days
The largest cryptocurrency of our time, Bitcoin, appears quite often in our news. However, we have been talking more about alternative coins lately. The reason is that the first coin has yet to make major headlines. However, market dynamics show that Bitcoin has been at the $10000 mark for over 63 days now. This is a remarkable indicator, which is the maximum in this respect over the past three years. Next, we will explain what happens to the first coin. Let’s consider its prospects and possible options for the development of the first coin in the near future. So let’s get started.
Pricing details. How Bitcoin reached $10000
First of all, of course, we should discuss the main event for which we, in principle, have gathered today. Renowned economist, Bitcoin researcher and analyst in the crypto industry, Julio Moreno posted his own observation on Twitter. The specialist notes that the first cryptocurrency recorded its own maximum stability at the $ 10000 price mark over the past 3 years. The expert believes that this is a rather serious event. Plus in the direction of Bitcoin and the strong side of the first cryptocurrency.
We will remind, earlier, in 2017, BTC was at the level above 10 thousand dollars for 62 days. At the moment, the cryptocurrency does not fall in its own value below $10000 for 63 days. Of course, experienced and attentive observers of the price of the coin will say that from July 28 to September 29, the value of the cryptocurrency dropped several times. Moreover, attempts were made to overcome the $ 12 thousand mark. However, the price tag remained at $10000 and stands at $ 10,775 at the time of writing. Moreover, experts say that the coin is ready for active growth.
So what can you expect from Bitcoin? Sharp takeoff or gradual, measured growth? Or maybe even a drop in value? Let’s figure it out.
What’s in store for the coin at the end of 2020?
This difficult year is declining. And, despite the initially pessimistic forecast regarding the price tag of Bitcoin, the first coin feels confident in the market. Recall that back in March, most traders did not believe that the cryptocurrency would break the $10000 mark. Then, according to the most daring forecasts, a price of a maximum of 6 thousand was expected. However, the market showed itself differently. The first coin has grown well against the backdrop of government problems in many countries and the pandemic.
And there is every reason to believe that growth has just begun. Bitcoin is used today by large companies that skillfully allocate their own budgets. And so it comes as no surprise that well-known businesses are investing in cryptocurrency, watching the fall of classic assets. The rather unstable position in the American state system also affects. The upcoming US elections will definitely affect the Bitcoin price. Supporters of a losing candidate will definitely start investing in coins to preserve capital in a bad regime.
And these, analysts say, are just some of the reasons for the productive development of Bitcoin. Of course, any forecast has a degree of probability. It is possible that the first coin will face a lot of problems. Nevertheless, so far everything is good and the situation is favorable for investment in the first coin. In order not to miss possible changes in the market situation, follow all the news with us. We regularly inform our readers about interesting developments in the cryptoindustry. Thank you for attention. Good luck!