The Bitcoin price passed $21,000 for the first fourth dimension in history on December. 16, not long after the crypto asset broke the psychological $20,000 threshold.

BTC/USD weekly chart. Source: Tradingview

The recent rally to $21,569 on Coinbase at approximately 11:15 PM UTC, means that institutional investor MicroStrategy has seen its holdings double in price since announcing it had adopted Bitcoin (BTC) as a reserve asset in September, when the price was under $eleven,000.

Notwithstanding, not every high-profile investor has made out like a bandit. Barstool Sports founder Dave Portnoy said he sold his Bitcoin holdings in August and potentially missed out on more than ane hundred g in profit. Portnoy reported purchased at least $200,000 in BTC on Aug. xiii — when the cost was under $12,000. The aforementioned amount of Bitcoin would be worth more than $360,000 today, with the toll having risen 80%.

Alex Mashinsky, CEO of Celsius Network, predicted the cost would likely drib before long, presenting a buying opportunity.

"Settle in, because we will be visiting the $xx-$22K level at least one-half a dozen times before we break through to the $30K range later in 2021," he said.

"I do call up we will also re-examination the $14-16K levels either over a weekend with depression volume or with bad news striking the street. That volition probably exist the terminal time virtually of united states will have a gamble to buy bitcoin below $20K levels ever again."

With the bullish activeness today, investors who shorted the crypto asset have seen their positions liquidated. Co-ordinate to data from crypto trading platform Bybt, more $630 million in Bitcoin has been liquidated in the terminal 24 hours. Glassnode reported that at that place was nearly $95 million in liquidations of Bitcoin futures on major crypto exchange Binance in but ane hour earlier today:

The price of Bitcoin is $21,329 at the time of publication, having risen nine.7% in the concluding 24 hours.