Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Hits Record $48.2K
by
jjdub7
on 16/02/2021, 08:46:11 UTC
Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.

Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.

References: https://www.coindesk.com/market-wrap-bitcoin-record-cme-ether-futures


In fact, the price of BTC rose by nearly 25% in 7 days, with market sentiment bullish towards neutral.

Now, as far as the Bitcoin market is concerned, there is a concentration of 10% on the largest holders of the asset and this is a good sign for the price rally. In addition, both Bitcoin's active addresses and the supply of stable coins such as the USDT remain high, a reassuring sign that BTC may recover after a slight price adjustment.

These findings appear to point to an extended price rise until the price reaches $ 100,000 according to the S2F model (or S2Fx) of Plan B.