The Time For Waiting Is Over, Approximately Eight Months Later Bitcoin Peaks Just Over 25,000

February 19, 2023

  • BTC peaked over 25,000 this past week and is up almost 50% year-to-date.
  • Even with the U.S regulatory crackdowns intensifying, BTC managed to perform the best it has in over 8 months.
  • It may even be a coincidence because BTC has had a lengthy rally since January.

Our two hypotheses are: one, the Chinese market spiking up could be fueling BTC; two, as a result of everything that has been surrounding Binance, there could be buying pressure being pushed from Binance, towards Bitcoin.

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