Bitcoin (BTC) rides a space rocket and breaks the $12,000 barrier today. The question we’re all asking ourselves right now: Will it be able to keep up or beat it?
Bitcoin safely breaks the 12K
Today, Bitcoin was able to surpass the key level of $12,000 for the second time this year.
Between 09:14 UTC and 12:04 UTC, Bitcoin experienced 3.72% growth, going from a valuation of $11,899 to today’s high of $12,346.
Shortly thereafter, Bitcoin saw a drop to $11,780 in the crypto exchange Binance. Subsequently, the price managed to recover to its current valuation of $12,330 according to the Crypto Trend tool, Crypto Online.
As we reported in Crypt Trend, Bitcoin experienced a significant increase in popularity over the last week as companies with status and celebrities acquired crypto.
In this regard, as we can see in the graph below, during the last 7 days, Bitcoin stayed between $11,400 (as the minimum) and $11,900, until today.
The question now is whether you will be able to explore new levels above $12,000 or you could be facing an imminent setback.
As we all know, the price of Bitcoin Up can be quite unpredictable. However, for now the facts are that, despite having broken the key barrier of $12,000, a massive movement did not occur that would be expected.
However, the crypto community is evidently excited and celebrating. For his part, Tyler Winklevoss, co-founder of Gemini, wrote on Twitter how rewarding and energizing it can be to see Bitcoin top $12,000.
Bitcoin whales can tell us what will happen with the BTC rally
Economic collapse in sight! Is Bitcoin the solution?
Contrary to the previous news about Bitcoin, Jim Rogers, president of Rogers Holdings, warned last week that the upcoming market collapse will be “the worst he’s ever seen.
He commented on this during an interview with the Economic Times last week, where he emphasized the repercussions that we will soon see as a result of the central bank’s global policy.
“This is the first time in recorded history that we have Japanese, British, European and American people printing money at the same time,” he warned.
He added that “we have this artificial ocean of liquidity, which is making the markets work well, but it is not doing much for the world economy. When it is over, we will all pay a terrible price.
That is certainly a very good explanation for the problems that are coming. It also explains very well why many have decided to take refuge in Bitcoin.