Bitcoin Price Reaches $ 11K Less Than 24 Hours After Breaking $ 10K Mark


June 22 – bitcoin (BTC) crossed the $ 11,000 line for the first time since March last year, according to Coin360. The leader criptomoeda had passed the $ 10,000 mark less than 24 hours ago.

Market view courtesy of Coin360

Market view courtesy of Coin360

Bitcoin is already approaching $ 11,100, an increase of almost 13% in the last 24 hours until the time of printing. Meanwhile, the major alts also increased, with ETH seeing a rise of more than $ 300 in several months.

Bitcoin's 7-day price chart. Source: Coin360

Bitcoin's 7-day price chart. Source: Coin360

Yesterday, June 21, professional trader Peter Brandt tweeted the price of bitcoin is currently targeting the $ 100,000 target.

In his tweet, Brandt noted that bitcoin is in its fourth phase of parabolic growth and is a market like no other:

"Bitcoin has a goal of $ 100,000. $ Btcusd is experiencing its fourth parabolic phase since 2010. No other market in my 45 years of trading has become parabolic on a log chart in this way. Bitcoin is a market like no other. "

Attached to the tweet, Brandt also published a table containing data on bitcoin's price growth. According to the data contained in the image, from October 2011 to December 2017, bitcoin increased its value by 9,765 times.

Among the responses to the post, there are numerous attempts at scams, spreading Brandt's false BTC and ETH gifts. Finally 1 two scams is promoted through profiles verified on Twitter.

In late May, the co-founder of Blockhealth investment firm Kenetic predicted that the price of bitcoin will rise to $ 30,000 by the end of this year.

Earlier this month, the founder and CEO of the Digital Currency Group argued that "it looks like we may be moving out of an encrypted winter and we've entered a source of encryption," Bloomberg said in an interview.

However, in an interview with the Cointelegraph the same week, another industry commentator – former Wall Street executive and current blockchain researcher Tone Vays – expressed skepticism about the winter of encryption being over.

Earlier this week, cybersecurity company Kaspersky Lab released the results of a survey showing that 19% of the people in the world bought cryptomeo.


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