, and longtime bitcoin "hodlers" — industry jargon for people who buy and hold the currency rather than trading it — increasing their positions."I think what's getting investors quite optimistic is that now that bitcoin is approaching that $10,000 level, I think that there's an increasing chance that traditional, non-crypto investors, traditional financial investors, are going to start to look at crypto again," he said.
Bitcoin prices have failed to break above their 2017 all-time highs of nearly $20,000. A rally back to those levels would represent a roughly 150% move for the cryptocurrency.new all-time highs by 2020, particularly as supply shrinks. Ongoing U.S.-China trade tensions may also contribute to the rally as investors increasingly see bitcoin as "digital gold" that can be used to hedge against tail risk, he said Tuesday.
Bitcoin prices traded higher on Tuesday after crossing, but failing to hold, the $8,000 level. The digital currency is up by more than 113% year to date.
This could also be a reason for Bitcoin's future success. Big money coming into $BTC.
Time to sell
Kiss of death