Bitcoin (BTC) was a day late, but we won’t blame the bulls – although we would have preferred that they achieve their feat of the day, yesterday, January 1, 2020. BTC crosses the $ 30,000 mark today, January 2, 2020. The bulls didn’t hang around the $ 20,000 to $ 30,000 route. Bitcoin is starting the year off with a bang. Soon the 40,000 USD?
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The 40,000 USD in 2 weeks?
Bitcoin crossed $ 30,000 today. The BTC is trading at $ 32,705 at the time of writing.
He records a daily gain of over 12.70%, which represents an amount of over $ 3,700.
The daily RSI (14) is currently above 87. Bitcoin Will it close the day above $ 32,000, or will it “settle” for $ 30,000?
It only took about 2 weeks to Bitcoin to go from $ 20,000 to $ 30,000. Will the bulls now slow down in their quest for $ 40,000?
Institutionals, euphoria, Joe Biden, vaccine: let’s take a look
The bulls had struggled to cross the $ 30,000 in recent days. Sellers were exerting strong selling pressure there, a scenario that bears some similarities to that of the days before the $ 20,000 surpass.
The overshoot of USD 32,000 is notably the result of an explosion in buyers’ activities on Coinbase. Are the institutions in the process of filling up BTC, therefore targeting even higher levels for a profitable sale? How far will the market euphoria propel Bitcoin ?
Joe biden will be sworn in during this month of January. The next few days will likely see the effects – positive or negative – the last days of Donald trump on the dollar, traditional stock market indices such as the S & P500, and the price of Bitcoin.
Analysts do not yet establish any relationship between the vaccination campaigns that have started in many countries and the course of Bitcoin.
Will the fairy tale continue tomorrow? The bulls are spoiling bitcoiners and in particular long-standing hodlers at the start of 2021. The price of Bitcoin has multiplied by 4 during the year 2020. It would be enough for its current price to be multiplied by 3 for it to approach 100,000 USD by the end of 2021. A walk in the park for bulls?
Litecoin, welcome in the Silver Age