Bitcoin (BTC) reached the $ 15,000 mark on November 5th when tensions over the US election swept the macroeconomic markets.
Data from Cointelegraph Markets and TradingView showed that BTC / USD hit the $ 15,000 barrier several times during the day, eventually breaking to $ 15,200 at time of publication.
BTC’s price increased $ 1,000 on the day
The move marks a turbulent day for Bitcoin, which was trading for less than $ 14,000 just 24 hours ago. The last time the BTC / USD price was $ 15,000 was in early January 2018.
In response, several well-known bitcoin numbers indicated that it was time for the largest cryptocurrency to roll back. In particular, Macroinvestor paid tribute to Dan Tapeiro, analyst at PlanB Pricing Models.
“The so-called #Bitcoin moment of execution is now coming,” he wrote on Twitter.
“Let’s pay tribute to (PlanB) here. I love this model, which chose the top at the end of the 17th and most importantly, the bottom at the beginning of the nineteenth century. We are now in what I call the“ sweet spot for calves. ”Make money sitting.
As reported by Cointelegraph, some expected the $ 15,000 to come with serious resistance that would temporarily cancel out Bitcoin’s daily gains of over $ 1,000.
Others argued that there were technically very few hurdles to new full-time highs after Bitcoin broke resistance at $ 14,000 then $ 14,500.
“I’ve seen this show before,” PlanB added, referring to the Bulls campaigns of 2013 and 2017.