This is so because, yet again, Bitcoin is back with its 2019’s new high on June 21. Bitcoin has finally been able to hit the $9,800 zone and firmly beating daily returns of almost all major cryptocurrencies.
Needless to say that the incredible bullish move of Bitcoin, has once again surprised the investors after the BTC touched the $9000 mark this week.
As far as the 30-day gains for Bitcoin are concerned, it can clearly be seen that investors now stand at 26.5%.
As each and everyone in the market is aware of the predictions made about Bitcoin by some analysts a few months earlier, which said that as soon as Bitcoin crosses the $10,000 threshold, this would undoubtedly boost up the demand among prospective buyers, who would push the price further higher. They also mentioned that in a note to his clients of Fundstrat Global Advisors, Tom Lee who is a serial Bitcoin bull indicated that 2019 could see BTC/USD reached as high as $40,000.
He further tweeted on Thursday saying:
“In most markets, a ‘new high’ is needed to confirm a breakout[.] But with (bitcoin), when it trades at a price seen only 3% of its history, this has confirmed a new high imminent. This makes crypto different,”