Some hours ago, the much-awaited moment arrived. The largest digital currency by market capitalization Bitcoin (BTC) resurged to break above $10,000 resistance level.
Ever since the price broke out, BTC has not indicated that price retraction below the price level would surface any time soon.
This also has become the point of encouragement for the Bitcoin enthusiasts, and virtually all cryptocurrency enthusiasts due to the impact of the digital currency on the price of other cryptocurrencies, especially when its price trend tends to be positive.
At the time of filing this report, BTC is trading at $10,116.31, with a 3.23% price upsurge in the last 24 hours. This performance has started motivating some pundits to claim that the Bitcoin price will not dip below $10,000 again.
Just woke up.
We’ll never see Bitcoin below $10k again.
— hodlonaut🌮⚡🔑 (@hodlonaut) February 9, 2020
Anthony Pompliano Reiterates His $100,000 for Bitcoin (BTC) by End of 2021
An obvious Bitcoin maximalist, Anthony Pompliano, has recently reiterated his faith on Bitcoin hitting $100,000 price level by the end of 2021.
After the price of the first cryptocurrency surged to surpass $10,000 resistance level and embarked on the journey within 5-digit prices, the popular Bitcoin enthusiast came out to reassure that BTC is destined for $100,000 price and beyond.
He backed his claim with the features that the upcoming Bitcoin halving is expected to introduce. He pointed out that fixed supply and increasing demand will be the force that would launch Bitcoin on a parabolic run to hit a 6-digit price.
He said, “Bitcoin just hit $10,000. I still think that Bitcoin will hit $100,000 by the end of December 2021. Fixed supply. Increasing demand. Time will tell.”
CZ Binance Says Bitcoin Will Eventually Surpass its All-Time High
The CEO of Binance exchange, Changpeng Zhao, popularly known as CZ Binance has also shared his thought regarding the Bitcoin price trend.
In the tweet, he sounded like he was reassuring that the price of Bitcoin is bound to record a new all-time high eventually.
He said, “Any guesses what the next ATH for BTC will be? (Technically, it will be $20001, but not that. Meant the ATH before a reasonable retrace) Will bookmark the tweet for later reference.”
Any guesses what the next ATH for #BTC will be?
(Technically, it will be $20001, but not that. Meant the ATH before a reasonable retrace)
Will bookmark the tweet for later reference.
— CZ Binance 🔶🔶🔶 (@cz_binance) February 9, 2020