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Bitcoin (BTC) finally above $7,400 or even $7,500 today, April 23, 2020: the end of a routine and the beginning of a rally? Nothing is set in stone yet, but given the momentum of BTC over the last 24 hours, the market is optimistic — and tweets are heralding happy days.
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Some even dare to predict a Bitcoin at the $10,000 level — predictions, however, are less optimistic than one of Bitcoin at $20,000.
Its second time in 1 year
10% increase over the last 24 hours for Bitcoin, reaching $7,777 — is this a sign? — on the crypto exchangeGemini .
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Bitcoin is currently at $7,570, surpassing the $7,500 mark for the second time this year.
The Crypto Dog The tweet of the day — perhaps the most optimistic, I’m open to others if they exist — was issued by .
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This one reminds us that the last time Bitcoin crossed the $7,500 mark, it reached $10,500 in 35 days — Bitcoin could do better this time with the halving and investors who, theoretically, should now see if the grass is greener in cryptos than in the dollar.
$BTC broke just above $7,500 for the second time this year. The last time BTC broke over $7,500, the price quickly rose to $10,500 in just 35 days.
— The Crypto Dog 📈 (@TheCryptoDog) April 23, 2020 Josh Rager, on the other hand, shared a tweet more technical than historical, where he specifies that when Bitcoin closes above $7,400 in a day – the famous resistance that has been difficult to deal with for weeks — thus the current increase should continue.
$BTC pushed to an important level that has held as support/resistance since last year $7,800 tapped with over 11% gains in the last 24 hours. Don’t look too short here, Bitcoin and stocks both look good, a daily close above $7,400 would be and likely the continuation of the bullish trend. pic.twitter.com/jw2t46s8v3
Maybe it’s too late! — Josh Rager 📈 (@Josh_Rager) April 23, 2020 Subscribe to FreeJoin our Bitcoin and Crypto-Currency community Please enable JavaScript in your browser to complete this form. Email*Validate
Big investors might need to love, if they want to buy Bitcoin because, unlike the dollar that grows on trees, the number of Bitcoins available for purchase is less than most “people” think.
A PlANB reminding that a large portion of the 18 million Bitcoins in circulation are currently Hodled, well kept warm in the wallets of long-term investors.
And after the halving, the daily production of Bitcoins will drop from 1,800 BTC to just 900 BTC — while the price theoretically continues to rise.
So we use #bitcoin for long-term investments and fiat sales to buy stuff. These invested bitcoins will be locked away for years. The amount of Bitcoin available for buyers may be much less than we think. And the 1,800 coins mined available per day will go to 900 in about 18 days. pic.twitter.com/gqefuvXNMB
— PlanB (@100trillionUSD) April 22, 2020 The lazy moon tweeted again to comment on the nonsense of the current financial system: no comment, on quite a bit of talk about Trump and the American Federal Reserve, in recent days.
We now have socialism for the rich and capitalism for the poor. This useless $1,200 check seems like a cheap way to prevent people from starting a revolution. We need to decentralize our money as soon as possible!
#Bitcoin — The Moon (@TheMoonCarl) April 23, 2020
So, is it finally here? Is this the right time or is it still an April whale prank? Bitcoin one day all assets to reach new heights, not only locally, but, of historical records. What else can I add? Less is More, let’s enjoy this moment instead which — or not — could be the beginning of a historic rise.
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Source: lameche.org