After Bitcoin hit $6,000 and stayed above it Monday, the virtual currency’s most famous fans are confident $10,000 will involve little effort.
Mixed messages are accounting for Bitcoin’s sudden second surge above the $6,000 mark, with Max Keiser pointing to a combination of factors for underlying support.
30,000 new #Bitcoin wallets a day. ETF coming soon. Wall St. just getting started. Regulators waking up to their impotence. Hello $10,000!
— Max Keiser (@maxkeiser) October 29, 2017
The move itself, however, could be down to just one trader, analysis on social media suggests.
it wont appear in the feed due to time to close but all signs point to a top holder getting liquidated credit @BTCVIX pic.twitter.com/Bv3yoO0yhR
— WhaleCalls (@whalecalls) October 29, 2017
Bitcoin continues to deny bubble criticism from major legacy finance figures, which now include infamous investor Warren Buffett, while JPMorgan CEO Jamie Dimon has taken a back seat in his cryptocurrency chiding.
Keiser meanwhile remains steadfast in his prediction of an easy ride to $10,000 per Bitcoin, reiterating his long-term target since 2011 being ten times that – $100,000.
Anyone who thinks otherwise, he wrote on Twitter Monday, “has not been paying attention.”
Bitcoin prices reached a new all-time high of $6,300 Sunday before tailing off to hover around $6,110 at press time.
The move dragged altcoin markets along with it, with the top ten seeing 24-hour gains of up to 6.6 percent.
Bitcoin Cash, too, has achieved multi-week highs with its Sunday trading price of $475 at its highest since mid-September.