Bitcoin (BTC) hit $15,000 on Nov. 5 as pleasure over the U.S. election spilled over from macro markets. 

Knowledge from Cointelegraph Markets and TradingView confirmed BTC/USD sort out the $15,000 barrier repeatedly all through the day, lastly breaking it to submit press-time highs of $15,200.

BTC worth climbs $1,000 in a day

The transfer seals a busy day for Bitcoin, which simply 24 hours in the past traded beneath $14,000. The final time that BTC/USD noticed $15,000 was in early January 2018.

BTC/USD weekly chart. Supply: Tradingview

Reacting, many well-known Bitcoin figures famous that it was excessive time for the biggest cryptocurrency to make a decisive transfer. Macro investor Dan Tapeiro particularly praised the worth fashions of quant analyst PlanB.

“Now enterring what is known as the ‘second of realization’ for #Bitcoin,” he tweeted.

“Let’s give some credit score to (PlanB) right here. I like this mannequin that picked high in late ’17 and most significantly backside in early ’19. We are actually in what I name the hodlers’ candy spot. Receives a commission to sit down.”

As Cointelegraph reported, some anticipated $15,000 to pose main resistance that will quickly quash Bitcoin’s $1,000-plus every day features.

Others argued that technically, there was little or no standing in the way in which of recent all-time highs as soon as Bitcoin overturned resistance at $14,000 after which $14,500.

“I’ve seen this present earlier than,” PlanB added, referencing the bull runs of 2013 and 2017.