Bitcoin - Bullish! Closing the 10,000 USD Mark!

Bitcoin! Wow!

I'm starting to feel positive again and that positivity seems to be right. Bitcoin is moving its new heights and nearly closing to 10,000 USD! There were plenty of reasons to believe why bitcoin's price has gotten that far. Well, one obvious reason is that we're near the Bitcoin halving so basically people are panic buying right now.

Bitcoin halving is basically hard for miners since block rewards were reduced to half. Mining is the only way to generate new bitcoins. That basically means its more difficult to get new btc's now, which leads to a decrease in supply. Looking now at the chart, it seems like bitcoin is gaining demand now.

If you look at the 7-day chart, it's pretty much clear that the chart looks so bullish. It's getting traction and its not impossible to reach new heights this month. I'm pretty much bullish too but I chose Hive over bitcoin right now. The positivity I have in Hive is nothing compared to bitcoin :).

What are your thoughts on this? What other additions would you like to have for this crazy news? :)