Bitcoin went from $11k to $20k in 14 days back in 2017

in hive-148441 •  4 years ago 

When bitcoin moves, it MOVES!

Not that I am anticipating this kind of fast and furious move again right now, but it is good to be aware of the possibilities.

And regarding bitcoin, those possibilities are incredibly fast price swings.

Back in 2017 when it was running up making new high after new high, it only took 14 days from the time it first hit $11k to get up near its peak of $20k.

Sees:

(Source: https://twitter.com/TheCryptoLark/status/1306411834019205122/photo/1)

If that happened again now, we would see new highs in bitcoin before the end of the month!

I don't think that is going to happen, but I do think there is a chance we see new highs before the end of the year.

The odds of that goes up with another round of stimulus I would think.

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Sounds pretty good! I think there´s a lot of potential.
And when I talk to my chinese colleague - he´s totally conviced, that BTC will hit 50.000$

Yea I could see that as well. Possibly even higher.

All the shorts that were liquidated.

Yep, the shorts provide great fuel for a bull run.