Bitcoin surged past $14,000 yesterday, with Coinbase trading data showing a new annual peak at **$15,977 today — a level last seen on January 8, 2018. Binance CEO Changpeng Zhao (CZ) reaffirmed his bullish stance, predicting a retest of Bitcoin’s all-time high near $20,000**.
Bitcoin Revisits January 2018 Price Levels
Amid a tech-led rally in U.S. stocks (Netflix, Apple, and Microsoft drove Nasdaq gains exceeding 2%), Bitcoin mirrored the momentum with a 12% surge over 24 hours. After briefly touching $15,977**, it stabilized around **$15,611 at press time.
100+ Days Above $10,000: A Record Run
Bitcoin’s previous record for consecutive days above $10,000 stood at 62 days (December 2017–January 2018). This year, the streak surpassed 63 days by September 29 and has now extended to a milestone 100 days as of November 6.
Market Optimism Prevails
CZ, long known for his bullish Bitcoin outlook, faced criticism when prices dipped below $10,000 earlier this year. However, his August 2019 statement — *"Never sell Bitcoin below $10,000"* — regained credibility today. In a November 6 tweet, he projected a $20,000 target and highlighted a September 5 post:
"Bitcoin to $12K? This isn’t investment advice; it’s face-slapping advice."
(Source: @cz_binance)
👉 Why experts believe Bitcoin’s rally is just beginning
Altcoins Outperform in Select Cases
Several altcoins outpaced Bitcoin’s gains over 24 hours, including:
- NEAR Protocol (NEAR): +24%
- Uquid Coin (UQC): +27%
- Synthetix (SNX): +26%
- Aave (AAVE): +25%
- Uniswap (UNI): +24%
DTC Capital’s Spencer Noon noted: "New entrants in bull markets often chase altcoins. While Bitcoin’s divisibility allows fractional ownership, psychological bias favors whole tokens."
FAQ Section
Q: What’s driving Bitcoin’s current rally?
A: Institutional adoption, macro uncertainty, and positive stock market correlations are key factors.
Q: How reliable are CZ’s price predictions?
A: While historically mixed, his September call for $12K proved accurate. Always cross-verify with independent analyses.
Q: Should I invest in altcoins now?
A: High-risk/high-reward. Diversify cautiously — Bitcoin remains the market benchmark.
👉 Explore Bitcoin investment strategies here
Risk Disclosure: Cryptocurrency investments are volatile. You may lose all capital. Assess risks thoroughly.