Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500
Published in
Feb 9, 2021
In just a day, the price of Bitcoin soared by 20% and set the new ATH at $47,500. Yesterday we predicted this movement and our forecast turned out to be fully justified.
Yesterday, the price of Bitcoin came in the range of $45,000 — $50,000. Trading volume also jumped almost 2 times and amounted to $112 billion over the past day.
As a result of this dramatic move, positions totaling over $1 billion were liquidated. These liquidations only spurred the price movement upward. But why did the Bitcoin price soar? Let’s figure it out.
