Optimism flows through the markets as BTC looks ready for excitement

Quick take

1 minute read

• It has been a crazy week for the leading cryptocurrency.

• Bitcoin is currently priced at just over $15,300 following the insane week of volatility that was experienced over the past seven days. 

It has been a crazy week for the leading cryptocurrency. Bitcoin is currently priced at just over $15,300 following the insane week of volatility that was experienced over the past seven days. The United States presidential election more than likely had a big part to play in how bitcoin reacted and is where it is today. Within just days, it was able to break the $14,000 key resistance level and it didn’t take long from there to surpass the $15,000 mark. Many people are highlighting their own predictions as all of this occurs with the words “Bull market“ being thrown about a lot on crypto Twitter.

Many prominent names in the crypto space have given their own views on the developments that are currently ongoing within the industry. Cameron Winklevoss is one of those names who, along with his brother Tyler, is an early investor and adopter in bitcoin and have earned billions of dollars for their efforts. 

Taking to Twitter, Cameron highlighted that bitcoin is very much “heading for the moon“.

Thanks for flying with us today ladies and gentlemen. Off to the left you’ll see we’ve just passed $15K #Bitcoin and coming up on the right you’ll see $16K bitcoin. Please make sure to fasten your seatbelts as we begin our ascent to the moon.

— Cameron Winklevoss (@cameron) November 5, 2020

Over the past 24 hours, bitcoin has experienced a 2.43% increase leaving it with a price point of $15,321 at the time of writing.

Where some people are optimistic about the future of the King coin, others are concerned about incoming correction and how it could impact the overall crypto space and markets. For Cameron, he believes that because it has already surpassed $15,000, it is only a matter of time before it reaches $16,000 and could even reach a new all-time high sometime in the future.

That all being said, before we finish, this is not investment advice and we are not financial advisers. Investing in cryptocurrency is risky and it is always wise to do your own research before putting your money into an asset.

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