Go bulls! Bitcoin (BTC) reached new ATH today, December 30, 2020. We read the last pages of the BTC book during the year 2020: it was a great story despite the pandemic and its consequences on the economy and financial markets global.
Bulls want $ 30,000 in annual close
Bitcoin climbed above $ 28,700 today, hitting new ATHs. The BTC is trading at $ 28,748 at the time of writing.
The BTC Currently registers a daily gain of 8.26%, which is a daily profit of $ 2,192.
Although the BTC closer than ever to $ 30,000, analysts continue to fear $ 19,500.
The 5-day moving average of Bitcoin has now climbed above $ 27,150 while the 10-day moving average is above $ 25,400.
The sharp rise in Bitcoin the most optimistic enthusiasm hoping for a BTC closing the year at $ 30,000.
The more cautious, on the contrary, fear a crash with the strong volatilities pushing Bitcoin (too) quickly towards 30,000 USD.
2020 comes to an end: we look in the retro
The bulls have every reason to celebrate during New Years Eve on December 31, 2020. The BTC enjoyed strong institutional support this year.
The excessive use of money printing along with the fear of inflation of fiats have led companies to acquire Bitcoin as a hedging asset.
The rise in the price of BTC may now be the source of a massive influx of new retail investors who will further boost its price.
The current rally gives hope for a Bitcoin to USD 100,000, by the end of 2021. The BTC was stronger than covid-19, what could keep it from satisfying PlanB-ists next year?
What gives bulls wings? The challenge of a $ 30,000 BTC by the end of the year? Yet another bullshit from Grayscale, MicroStrategy and their bull peers? One last dollar gift for this year? Doesn’t it matter as long as it goes up? The Coin Tribune will be there to cover the last day of Bitcoin in 2020: see you tomorrow, hoping the bulls get their shot before the 10, 9, 8, etc.
Litecoin, welcome in the Silver Age