Bitcoin continued its rally this Thursday and was back above $ 40,000 after falling to $ 30,000 earlier in the week. Over the past day, the growth is 15%. To renew the highs, bitcoin must rise another 5.8% from the current levels.
Today, Bitcoin outperforms most altcoins in terms of growth, with the result that its dominance index has risen by one and a half percent.
“Bitcoin is up $ 100 billion in 24 hours. In other words, it has grown by a whole Goldman Sachs, ”says Ryan Selkis, founder of the analytical portal Messari.
“On Monday they talked about the death of bitcoin. Now bitcoin is over $ 37,000. Don’t listen to the noise, stay focused, ”wrote the co-founder of Gemini exchange Tyler Winklevoss earlier.
Analyst firm CryptoQuant notes that today, in one hour, there has been an “extraordinary” outflow of bitcoins from three major exchanges. From Binance, for example, 6,051 BTC ($ 233 million) were withdrawn at this time.
“If this is an over-the-counter trade, it will be a bullish buy signal for institutional investors. Binance sent BTC to a couple of unknown cold wallets. These transactions can be related to internal transfers or OTC transactions, ”said CEO of CryptoQuant Ki Yong Joo.
Analyst at Rekt Capital writes:
“If Bitcoin breaks through this looming diagonal resistance, there will be no doubt about two things: 1) the recent correction will be over; 2) Bitcoin will set a new all-time high. ”
Analyst Josh Olshevich claims that the latest move broke the head and shoulders pattern, which, if completed, threatened Bitcoin with a decline to around $ 20,000.
The recovery of bitcoin occurs simultaneously with the resumption of investment in the Grayscale Investments trust.
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