Bitcoin Price May Break $20,000 Very Soon as Investors Flood into BTC
With the Bitcoin halving coming closer (in about a week), more and more investors seem to be jumping on the BTC bandwagon.
Despite the fact that Bitcoin failed to make the final leap to cross $10,000, one crypto trader and popular YouTuber states that reaching $20,000 is a matter of time due to the halving.
‘It’s only a matter of time before $20,000 is broken!’
Trader @TheMoonCarl has tweeted that the amount of non-zero Bitcoin addresses has now broken the 30 bln figure. Now, seeing the quickly growing number of investors buying Bitcoin, he states that breaking $20,000 for Bitcoin is only a matter of time.
“BREAKING: The number of non-zero #Bitcoin addresses just reached an ATH of above 30 million addresses! People are flooding into $BTC right now! It’s only a matter of time before $20,000 is broken!”
The data seems to be originally taken from Glassnode. The new ATH of non-zero Bitcoin addresses totals 30,092,209.000.
📈 #Bitcoin $BTC Number of Non-zero Addresses just reached an ATH of 30,092,209.000— glassnode alerts (@glassnodealerts) April 30, 2020
Previous ATH of 30,047,114.000 was observed on 29 April 2020
View metric:https://t.co/VtoChZbLsa pic.twitter.com/mdVNhI7gdU
‘Buying millions of USD worth of BTC’
Chief of River Financial Alexander Leishman has also shared a chart that confirms that people have been buying more Bitcoin prior to the halving.
At @RiverFinancial I speak with many of our clients, whether they are buying just a few thousand dollars worth of bitcoin to millions of dollars worth. There is one common theme in recent weeks: people are accumulating #Bitcoin to escape the Fed’s money printer. pic.twitter.com/aXXpdZR369— Alexander Leishman 🇺🇸 (@Leishman) May 1, 2020
Popular crypto podcaster buys BTC
Popular cryptocurrency podcaster @CryptoCharles__ has taken to Twitter to share his news of accumulating 0.1 BTC.
“OMFG I can’t believe I finally stacked 0.1 Bitcoin. It’s been such a beautiful journey with you guys. Love this industry so fucking much, Bitcoin is the only thing I ever think about anymore.”
Is Bitcoin going down again?
Trader @blockchainblitz has shared a chart from which it is clear that he expects Bitcoin to decline again and sees three targets for the descend – for the short/mid and long term. The closest is $7,650. The furthest is located in the $5,250 area.
#Bitcoin short/mid/long term game plan— Brrrrrrrrent (@blockchainblitz) May 1, 2020
Will look to re-enter spot and GBTC holdings at one of these levels, if and only if shorts are piling back on again.
Until then, will be shorting rallies. pic.twitter.com/wlV2UKDTtp