- There are some big bullish indicators that bitcoin is well on its way to exciting levels.
- Recently, there have been some serious signs of a price spike with the leading cryptocurrency already gaining almost 3 times its early year value.
I don't know about you, but #bitcoin feels like a stable coin to me. It's moving up so slowly.— CZ Binance (@cz_binance) August 20, 2020
It only moved from $4100 in March to $11800 now.
Every time it moved up, I get used to the new price in like 30 seconds, and starts to wish it will go higher...
There are some big bullish indicators that bitcoin is well on its way to exciting levels. Recently, there have been some serious signs of a price spike with the leading cryptocurrency already gaining almost 3 times its early year value. Earlier this year in March, it’s value was trading at just over $4000 and over the past few weeks, the asset has been trading in the $11,000 key resistance level. But one of the more prominent members of the crypto space believes that the leading Cryptocurrency is actually slow in the grand scheme of things.
The chief executive officer of the Binance platform, CZ believes that bitcoin's slow movement makes it appear like it is a stablecoin however, its returns for the year have been very positive and as can be seen above, made his thoughts clear in a Twitter post.
There are two ways to look at this but a positive way to view the thoughts of CZ would be that he is extremely bullish for the future of bitcoin. It seems that in his opinion, the coin increases its value and it quickly stabilises which indicates that its value could keep on going up.
There are many big industry players that believe that bitcoin is well on the way for a meteoric rise over the course of this year. A recent report from Grayscale believes that the currency is indicating signs that it could repeat its 2017 bull run.