All-Time High Weekly Close for Bitcoin Boosts Sentiment as 2022 Nears
cryptonews.comThe bitcoin (BTC) price closed last week above the USD 65,000 mark, the highest level ever for the cryptocurrency. The new milestone boosted sentiment among bitcoin holders, with many being optimistic that bullish predictions for the remainder of 2021 will come true.
At 10:48 UTC on Monday, bitcoin traded at USD 66,026, up 2.1% for the day and 4.5% for the past 7 days. The price is also up since the record-high weekly close of around USD 65,500 on Sunday, although it still remains down from last week’s all-time high of around USD 69,000.
The high closing price for the week made some people comment that they now see the bullish predictions from PlanB, the creator of the popular bitcoin stock-to-flow model (S2F), as within reach for this year.
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