Bitcoin Surges $4,000 in 32 Hours. What’s Next?
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One week ago, Bitcoin sat under $20,000, toying with the all-time highs it made in the spectacular bull-market frenzy of 2017.
Unlike 2017, however, this time around, it’s not the climax of a speculative frenzy.
There’s no big fanfare, no wild speculation …
And also no one deriding Bitcoin as a “scam” or “rat poison squared.”
Instead, this time around, Bitcoin is a mature asset with broad institutional interest.
That helps explain what happened next. Suddenly …
Bitcoin smashed through the $20,000 …
Exploded by more than $4,000 in just 32 hours, and …
Opened the floodgates to the next phase of this new crypto bull market.
This chart tells it all …
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As you can see, until last Wednesday, Dec. 16, Bitcoin sat under the $20,000 level for about four days.
But just as soon at it pierced the all-important $20,000 barrier, it blasted off, soaring by $4,000 in just 32 hours.
Now, since Thursday, Dec. 18, and over the weekend, it has been holding mostly under $24,000.
So, is it too late to buy? Yes and no …
Yes, it’s probably too late to get in at a price significantly below $20,000.
But no, it’s not too late if you don’t mind watching your money grow from about $24,000 to as much as $200,000.
And it’s certainly not too late to buy other coins meriting high Weiss Crypto Ratings.
In fact, one of our highest rated cryptos is still relatively cheap, still trading well below its all-time highs.
Better yet, in rising crypto markets like these, it typically goes up 3 times more than Bitcoin.
Another crypto we like is the fastest growing asset in the new money revolution that’s about to transform global financial markets.
Just since early November, it has tripled in value, rising about 5 times more than Bitcoin. And since its first opening trade in July, it’s up from $34.55 to about $24,000 right now.
And it’s also still cheap compared to its all-time highs.
I trust this answers your most pressing questions. If you have more …
Check out our latest Weiss Crypto Ratings.
Or email us at [email protected].
Good luck and God bless!
Martin