It nâ ???? it took that ???? just one day for the most popular cryptocurrency, Bitcoin (BTC), to go from $ 14,000 to over $ 15,000 for the first, a first since January 2018
à ?? 16:03 UTC, BTC is trading at $ 15,042 and is up 8% in 24 hours and 12% in a week BTC is up 40% in a month and 60% in a year Today it needs to jump by 30% to hit all-time high of $ 20,000, reached in December 2017 Meanwhile, other top 10 club cryptos are up 4-11% today
“Bitcoin is the big winner in the current macroeconomic environment,” Anthony Pompliano, co-founder and partner of crypto investment firm Morgan Creek Digital Assets, told Reuters, “As we saw at the release of the 2008 liquidity crisis, inflation hedging assets are doing very well when the Fed steps in with quantitative easing «
As reported by Cryptonewscom earlier today, according to Northman Trader founder Sven Henrich, as long as BTC can stay above the breaking trendline, it has « technical margin important higher «
He added that « an inevitable test for BTC as a protection against device destruction » would be to see if Bitcoin and stocks decouple from each other
« For example: A drop in stocks as BTC moves towards the technical target of 17K This could justify the argument, » said Mr. Henrich, adding that « we will probably know more on this front in the next three months or so «
For Mike McGlone, a commodities strategist at Bloomberg Intelligence, a statement that BTC’s previous resistance at around $ 10,000 could rise to $ 20,000 in 2021
« Some supply leaves demand as the main price measure, and most indicators remain positive, » he said In October, he said « Bitcoin was on track to reach $ 100,000 in 2025 «
Flying below the radar screen (and especially compared to the last big move up) #Bitcoins are on the rise again thi https: // tco / xYqOmyAo5M
« Charts don’t get much more bullish than this » An occasion where the charts really seem to reflect the underlyings… https: // tco / t2TG0Cyyur
@RaoulGMI Yes See weekly Bitcoin chart with RSI These corrections during the 2017 bull run were huge (30-40% â ?? ¦ https: // tco / hq2d8l9JOr
If you want to learn more about Bitcoin and cryptocurrency investing, here is the perfect book: â ???? Invest in Bitcoin «
Bitcoin, Cryptocurrency, Silk Road, United States Dollar, 1,000,000,000, Litecoin
News from around the world – CA – Bitcoin price jumps back above $ 15,000, first times since january 2018
SOURCE: https://www.w24news.com
