Despite hitting $10,000 among major exchanges just hours ago, Bitcoin has already tackled $11,000 as markets show no signs of slowing.
The first hours of Wednesday saw $10,000 come and ago on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction.
That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards.
Both Bitcoin’s rate of growth and comparative lack of volatility are unprecedented in its history.
New bubble warnings in the mainstream press contrast with investment sources at a loss as to how high Bitcoin could go in 2018.
BTCC CEO Bobby Lee even took a randomized approach, basing his $48,000 prediction on the number of his Twitter followers.
My new price target for #Bitcoin is USD $48,000.
Will it take ~7 months to reach that?
(My #PriceTarget for $BTC is the same as my number of followers on @Twitter.) https://t.co/2k4YBkar2n
— Bobby Lee (@bobbyclee) November 29, 2017
Meanwhile, Tone Vays, the technical commentator who has seen his short-term tips come true with remarkable accuracy in recent months, said that $12,000 would now come “quickly” due to profit takers having completed their activity.
At the time, Bitcoin was still at $9900.
Will go live in the AM w/ @jimmysong, sorry guys been a long day. Tomorrow on @cnbcafrica w/ @cryptomanranu u will hear me say: “#Bitcoin is spending so much time btwn 9.5-10k that once we bust out over 10k, 12k will come quick cause all the profit takers have exhausted” $BTCUSD
— Tone Vays [#HODL] (@ToneVays) November 29, 2017
Secret symbol № 14: t What is this?