As a seasoned crypto investor with over a decade of experience under my belt, I can’t help but feel a twinge of envy reading about Davinci Jeremie’s regret for not buying more Bitcoin at $1. Back in 2011, I too was following his YouTube channel and, like many others, I missed the boat on this life-changing opportunity. The crypto market is full of such tales – Shiba Inu, Pepe Coin, Dogecoin… all coins that make us reminisce about missed fortunes.
On September 2, the Bitcoin price rebounded from its $57,000 foundation level and has been consistently climbing since then. However, it’s currently in a period of holding steady, suggesting a degree of stability with potential bullish indicators such as increasing prices and growing investor optimism.
With Bitcoin’s price holding steady near $60,000, this phase of stabilization brings to mind the impressive growth journey of this digital asset over time. Notably, Davinci Jeremie, a respected Bitcoin advocate and early investor, has voiced his remorse for not purchasing more Bitcoin when its value was mere dollars – specifically $1. His musings on unrealized gains resonate deeply within the crypto community, especially as Bitcoin confronts its present market hurdles.
Davinci Jeremie Visionary Call on Future Bitcoin Price
Jeremy Davinci, a well-known advocate for Bitcoin and investor, recently expressed his remorse on platform X, wishing he had bought more Bitcoins when their price was lower.
I could have owned 100,000 #BTC but I didn’t go all in. I regret that.
— Davinci Jeremie (@Davincij15) September 2, 2024
In the year 2011, when one Bitcoin was worth approximately $116, Davinci recommended buying it on YouTube. Similarly, Jeremie continues to advise people to invest in Bitcoin today, despite its value having increased more than 9 million percent from that time.
After carefully examining both the Bitcoin whitepaper and its underlying source code, Jeremie was confident in Bitcoin’s tremendous potential, leading him to make the call. Fast forward eleven years, and the Bitcoin price stands at around $60,000, making Jeremie a multi-millionaire as per CoinMarketCap’s estimates.
In a recent post on X, Jeremie laments his decision not to invest in 100,000 Bitcoins at a lower price due to their potential high value. His sentiment echoes strongly with numerous individuals in the crypto community who often share stories of missed chances for significant gains in the market, particularly with coins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogecoin (DOGE).
Technical Analysis: Why is BTC Price Rising?
At present, the Bitcoin price is struggling to stay above the $60,000 threshold, having risen from its previous low of $57,000. The recent surge in price is believed to be due to a robust market base and growing investor trust, despite a downward trend observed over the last week.
On the upcoming Friday, September 6th, the monthly report detailing new job creations in the U.S., known as the Non-Farm Payrolls report, will be published. Historically, favorable NFP figures have caused an upward trend in Bitcoin’s price, such as the 4% increase from $59,000 to $61,770 after its release on May 3. This is due to the fact that higher NFP numbers indicate a growing job market and, by extension, a stronger economy.
Based on data from Investing.com, it appears that the number of new jobs added in the U.S. this year (year-to-date) has been decreasing at a faster pace than expected, indicating a quicker slowdown in the job market compared to previous predictions.
On the contrary, over the past seven job reports, five of them have surpassed expectations, usually indicating good news for both the economy and the Bitcoin market. Given this pattern, there’s a high chance that the upcoming report due this Friday will also be favorable. This could potentially explain the recent surge in Bitcoin prices.
If BTC‘s current price trend continues and surpasses the $59,500 mark, there’s a possibility that its value could rise by approximately 3.97%, reaching around $62,000. This level is notable because a substantial resistance point, or selling pressure, has been observed here, which could attract market makers. The extensive liquidity in this supply area offers market makers a strategic position to potentially boost prices further.
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2024-09-03 09:36