The Epic Bull Run of Bitcoin in 2021
It’s been an extraordinary ride for Bitcoin in 2021, with it’s share price reaching an all-time high of $21,000 for the first time in its history. To put things in perspective, the Bitcoin price was hovering around the $7,200 mark at the beginning of 2021, making it’s current all-time high a whopping 190 percent increase since the start of the year.
Biggest Squeeze Since 2021
It’s not just the all-time high that’s causing ripples across the cryptocurrency industry – it’s the rapidity at which the price has been increasing. This sudden jump has resulted in what many traders are calling the “biggest squeeze since 2021.”
The significance of this squeeze? Bitcoin shorts have been completely demolished, with nearly $3.3 billion in Bitcoin contracts being liquidated in the last 48 hours.
Future Price Predictions
Despite the troubles for short traders, the prizm is bright for Bitcoin buyers as many industry professionals predict that the current Bull Run will continue. Analyst Kalem Hawkins predicts that the crypto might break its largest all-time high of $20,000 in the short term.
However, there are always two sides to any story: some analysts claim that this sudden surge seems to be too good to be true, suggesting that there might be a potential correction in the near future.
Key Takeaways
- Bitcoin’s share price has increased by a whopping 190 percent since beginning 2021.
- This rapid jump has resulted in the “biggest squeeze since 2021”, with an estimated $3.3 billion in Bitcoin contracts being liquidated.
- The Bull Run is expected to continue, but given the fast-paced nature some analysts have cautioned against future corrections.
So whether you’re a Bitcoin Trader or a casual observer, this Bull Run is certainly one for the books. So don’t miss out on the opportunity for a potential life-changing return before the possible correction.
