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Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed
The 12th Anniversary of the Bitcoin Whitepaper Is Particularly Special
Tomiwabold Olajide by Tomiwabold Olajide October 31, 2020
Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed
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Today, October 31, 2020 marks a notable date in Bitcoin (BTC) short spanned history as it marks the flagship asset 12th anniversary.
While the crypto community determines whether Bitcoin (BTC) was born or merely conceived 12 years ago, the fact remains that on October 31, 2008, Satoshi Nakamoto published Bitcoin’s white paper. Bitcoin was earmarked as a “purely peer-to-peer version of electronic cash”.
On the occasion of the first and largest cryptocurrency’s anniversary, many prominent personalities in the crypto space have sent out their birthday wishes.
Birthday Wishes Coming True?
Scott Melker, trader, investor, and the host of The Wolf Of All Streets podcast made this wish for Bitcoin’s birthday “$20,000”. Instructor at Programming Blockchain, Jimmy Song’s wish goes thus “A robust network, an antifragile community, and a high price”.
Bitcoin’s birthday wishes seemed to come true as BTC price climbed past the key $14,000 level, the highest since January 2018. Bitcoin is presently trading at $13,788 after touching an intraday high of $14,098 thus setting new yearly highs in the process.
BTC/USD Daily Chart
$14,000 threshold is significant as breaking through this resistance zone would initiate further strength toward the next threshold around $16,500-$17,000 and then $20,000 ATH.
The 12th anniversary of the Bitcoin whitepaper is particularly special because it marks the third post-halving cycle. Bitcoin had its third halving event in May 2020. Halving which saw Block rewards halved from 12.5BTC to 6.25BTC is regarded as a bullish event.
Bitcoin (BTC) Marks $14,000, Then Something Changed
Increased institutional demand for Bitcoin has been spearheading Bitcoin’s rally of late as Bitcoin price reached highs of $14,100 today.
This rally was however shortlived as it was immediately rejected, plunging by 3% within minutes. Before Bitcoin hit $14,000, there was a 1,371 BTC buy wall on Binance at $13,680 and another big buy wall at over $13,800 on Huobi which initially buoyed BTC uptrend. But as BTC surpassed $14,000, traders on Binance began to sell large amounts of BTC in a short period. Keith Wareing, a tech investor noted this:
“Sadly, Bitcoin will be rejected at $14k and go back below the 2019 high thanks to binance whales.”
There is however a mixed outlook on where the flagship asset trends next. Ki-Young Ju, the CEO of CryptoQuant however maintains that the trend of declining Bitcoin exchange balances is considered a “long-term buy signal.”
Image Credit: Shutterstock
Tags: Bitcoin (BTC)Bitcoin Price NewsBitcoin WhitepaperSatoshi Nakamoto
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bitcoinBitcoin (BTC) $ 13,798.63 1.32%
ethereumEthereum (ETH) $ 385.93 0.29%
tetherTether (USDT) $ 0.998860 0%
bitcoin-cashBitcoin Cash (BCH) $ 262.41 0.33%
binancecoinBinance Coin (BNB) $ 28.38 0.81%
bitcoinBitcoin (BTC) $ 13,798.63 1.32%
ethereumEthereum (ETH) $ 385.93 0.29%
tetherTether (USDT) $ 0.998860 0%
bitcoin-cashBitcoin Cash (BCH) $ 262.41 0.33%
binancecoinBinance Coin (BNB) $ 28.38 0.81%
ADVERTISEMENT Latest Crypto News Home News Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed The 12th Anniversary of the Bitcoin Whitepaper Is Particularly Special Tomiwabold Olajide by Tomiwabold Olajide October 31, 2020 Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed 0 SHARES Today, October 31, 2020 marks a notable date in Bitcoin (BTC) short spanned history as it marks the flagship asset 12th anniversary.
While the crypto community determines whether Bitcoin (BTC) was born or merely conceived 12 years ago, the fact remains that on October 31, 2008, Satoshi Nakamoto published Bitcoin’s white paper. Bitcoin was earmarked as a “purely peer-to-peer version of electronic cash”.
On the occasion of the first and largest cryptocurrency’s anniversary, many prominent personalities in the crypto space have sent out their birthday wishes.
Birthday Wishes Coming True? Scott Melker, trader, investor, and the host of The Wolf Of All Streets podcast made this wish for Bitcoin’s birthday “$20,000”. Instructor at Programming Blockchain, Jimmy Song’s wish goes thus “A robust network, an antifragile community, and a high price”.
Bitcoin’s birthday wishes seemed to come true as BTC price climbed past the key $14,000 level, the highest since January 2018. Bitcoin is presently trading at $13,788 after touching an intraday high of $14,098 thus setting new yearly highs in the process.
BTC/USD Daily Chart $14,000 threshold is significant as breaking through this resistance zone would initiate further strength toward the next threshold around $16,500-$17,000 and then $20,000 ATH.
The 12th anniversary of the Bitcoin whitepaper is particularly special because it marks the third post-halving cycle. Bitcoin had its third halving event in May 2020. Halving which saw Block rewards halved from 12.5BTC to 6.25BTC is regarded as a bullish event.
Bitcoin (BTC) Marks $14,000, Then Something Changed Increased institutional demand for Bitcoin has been spearheading Bitcoin’s rally of late as Bitcoin price reached highs of $14,100 today.
This rally was however shortlived as it was immediately rejected, plunging by 3% within minutes. Before Bitcoin hit $14,000, there was a 1,371 BTC buy wall on Binance at $13,680 and another big buy wall at over $13,800 on Huobi which initially buoyed BTC uptrend. But as BTC surpassed $14,000, traders on Binance began to sell large amounts of BTC in a short period. Keith Wareing, a tech investor noted this:
“Sadly, Bitcoin will be rejected at $14k and go back below the 2019 high thanks to binance whales.”
There is however a mixed outlook on where the flagship asset trends next. Ki-Young Ju, the CEO of CryptoQuant however maintains that the trend of declining Bitcoin exchange balances is considered a “long-term buy signal.”
Image Credit: Shutterstock
Tags: Bitcoin (BTC)Bitcoin Price NewsBitcoin WhitepaperSatoshi Nakamoto Previous Post BCH Price Analysis: Following a Two-Day Decline, BCH/USD Rebounds to Hold Past $260 As Bitcoin Cash Hard Fork Nears Recent Stories Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed Birthday Wishes Coming True? Bitcoin (BTC) Marks $14,000 on 12th Anniversary Then Something Changed OCTOBER 31, 2020 BCH Price Analysis: Following a Two-Day Decline, BCH/USD Rebounds to Hold Past $260 As Bitcoin Cash Hard Fork Nears BCH Price Analysis: Following a Two-Day Decline, BCH/USD Rebounds to Hold Past $260 As Bitcoin Cash Hard Fork Nears OCTOBER 31, 2020 BTC Two Events but One Prediction, How Will the Coming Days Shape Bitcoin (BTC) Price Action? OCTOBER 30, 2020 DeFi Project Newly-Launched DeFi Project by yEarn Founder, Keep3r Network Jumps 1,000% OCTOBER 30, 2020 Bank of canada Bank of Canada Seeks “Globally Coordinated” Approach On CBDC From Other Central Banks OCTOBER 30, 2020 Huawei Mate40 Huawei Mate40 Series To Include In-Built Hardware Wallet For Digital Yuan OCTOBER 30, 2020 ETH/USD ETH Price Analysis: Bears Prevail on ETH/USD As Price Slides Under $380 Following Ethereum Miners Coin Dump OCTOBER 30, 2020 Delist Coins Binance May Delist Coins With Little To No Volume OCTOBER 29, 2020 Exchange FTX Leading Crypto Exchange FTX Launches Tokenized Equities, Goes Live Next Week OCTOBER 29, 2020 XMR/USD XMR Price Analysis: Upside Momentum Holds XMR/USD Price Steady As On-Chain Data Reveals Monero Outpacing Other Privacy Coins OCTOBER 29, 2020
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bitcoinBitcoin (BTC) $ 13,798.63 1.32% ethereumEthereum (ETH) $ 385.93 0.29% tetherTether (USDT) $ 0.998860 0% bitcoin-cashBitcoin Cash (BCH) $ 262.41 0.33% binancecoinBinance Coin (BNB) $ 28.38 0.81% bitcoinBitcoin (BTC) $ 13,798.63 1.32% ethereumEthereum (ETH) $ 385.93 0.29% tetherTether (USDT) $ 0.998860 0% bitcoin-cashBitcoin Cash (BCH) $ 262.41 0.33% binancecoinBinance Coin (BNB) $ 28.38 0.81%