Bitcoin gets eerily close to $10k

in #bitcoin6 years ago

On some exchanges it even touched it.

However, on the US based exchanges that I follow, prices got to $9,940 as the high.

This $10k level is likely a very important level.

(Source: https://blockpublisher.com/after-10k-bitcoin-btc-price-fomo-will-make-it-the-biggest-crypto-bull-run/)

Why does $10k matter?

First of all it is a major psychological level that people tend to pay attention to.

Secondly, it appears this is a major level that institutions are paying attention to as well.

Tom Lee of Fundstrat goes into some detail as to why that is here:

https://www.cnbc.com/video/2019/06/18/fomo-could-take-bitcoin-from-9000-to-20000-in-months-tom-lee.html

He says that institutions will see that new highs are much more likely now if bitcoin can crack $10k, and that would represent a double from current prices.

Anytime you can get a double in finance in a relatively short period of time, it gets people's attention.

Stay informed my friends.

-Doc

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Running 🏃 with the Bulls🤗

Are you still running with them or did you step off the train?

Congrats to all gainers

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Unfortunately steem isn't one of them.

Not yet. Not after some stability at 10k level. We may see 15k sooner than expected.

Lol, well now it blew through $10k and $11k. There is no stopping this thing!

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