⭐ Merited by alyssa85 (1)
Here is the story behind recent bitcoin bull run. Apparently, we have someone very rich who bought $344 million worth at an average of $8400 from 9 to 12 February.
Meanwhile, noted cryptocurrency analyst Tom Lee, who has a $25,000 price target for bitcoin by the end of this year, has predicted a bump in its prices starting in July
And this mysterious buyer doubled down on bitcoin by purchasing even more BTC. 41,000 coins this time, just before its price hit $10,000.
More info here: https://www.investopedia.com/news/bitcoin-price-retreats-10k-mysterious-buyer-emerges/
Meanwhile, noted cryptocurrency analyst Tom Lee, who has a $25,000 price target for bitcoin by the end of this year, has predicted a bump in its prices starting in July
And this mysterious buyer doubled down on bitcoin by purchasing even more BTC. 41,000 coins this time, just before its price hit $10,000.
More info here: https://www.investopedia.com/news/bitcoin-price-retreats-10k-mysterious-buyer-emerges/
Thanks for the info... I did see a headline regarding a whale that recently executed a fairly large purchase. Looking at the chart since the peak in Dec 17, there is high volume around the last dip low, suggesting that it was the bottom for the downtrend.
There are also some large green bars over the last few days which shows some of 'whales' purchases. The blue line on the volume is a 20 day moving average and it is at the highest point since the peak. It appears that Feb 6th may have been the low for 2018. (As mentioned before)
