On June 22, the bitcoin price flew past $11,000 for the first time since March 2018. This happened just over 12 hours after the price broke through $10,000, according to numbers from Bitstamp.
This also means that the world’s biggest cryptocurrency has increased by more than 20 percent in the past two days.
Ethereum over $300
Bitcoin has also made other big cryptocurrencies tag along in the rally. For example, the price of ethereum has increased by over ten percent in the last 24 hours and thus broken through $300.
According to the professional trader Peter Brandt, the bitcoin price may rise even higher going forward.
“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other”, Peter Brandt writes on Twitter.
Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other. pic.twitter.com/wE4j3riMgI
— Peter Brandt (@PeterLBrandt) June 22, 2019
