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BitcoinNewsToday–HeadlinesforDecember30
作者bitcoin   时间2021-04-03   

Bitcoinsettoendtheyearinabullishnote

Bitcoinmaysurgeoveritspreviousall-timehighsin2020

BitcoinNewsToday–ThebullshadverystrongcontroloverBitcoin(BTC)throughthefirsthalfofthisyear.However,thebearsdecidedtotakeoverfromthebullsinthesecondhalf.Thebullswereabletotakethepriceofthedigitalcurrencytowardsthe$14klevelwhilethebearsbroughtitdownto$6,400.

SinceBitcoinrecoveredfromthe$6,400range,ithasbeentradingsidewaysaroundthe$7kzone.Nevertheless,thepriceactionofthedigitalcurrencyseenintheNewYearmayprovetobeoverwhelminglyinfavorofthebulls,asseveralbullishfactorscouldpushthepriceofthedigitalcurrencyhigherto,orevenover,itsall-timehighs.

Bitcoin(BTC)PriceToday–BTC/USD

BitcoinMaySurpassItsPreviousAll-Timein2020

Atthetimeofwriting,Bitcoin(BTC)ischanginghandsat$7,428afteranincreaseoflessthanonepercentoverthepasttwenty-fourhours.Thismarksaconsiderablegrowthfromthelowsof$7kthatthedigitalcurrencytestedearlierthisweekduringafleetingandsharpselloff.Whiletherecentperformanceofthecoinhasnotbeenimpressive,itiscrucialtonotethatthedigitalcurrencyistradingupsignificantlyfromitsyear-to-datelowof$3,400thatwassetatthebeginningofthisyear.

Itsenormousupsurgefromtheselowsmeansthatthedigitalcurrencyisontracktoend2019onabullishnote.AnarrayofdifferentfactorsnotedbyCryptoBirbisfurtherenhancingthisbullishness.Inarecenttweet,theanalystnotedthatnextyearwouldbe**reatyearforBitcoin(BTC)becauseofarecentlyformedgoldencross,risingopeninterestonfutures,bullishdescendingchannel,andmore.

Weargueovershort-termmovesbutbigpictureisclear👀

Who'swithme?pic.twitter.com/SmbIu5CgFB

CryptoBirbalsopointedoutothernotablefactorssuchastheincreasedtradingvolumeonplatformslikeBakkt.ThehashrateofBitcoinisalsotradingrightarounditsrecentlyestablishedall-timehighs.

BitcoinIsInTheLastAccumulationPhasebeforetheNextMajorParabolicBullPhases

ApopulardigitalcurrencyanalystonTwitter–WillyWoo–recentlyexplainedthattheon-chaininvestoractivityofBitcoin(BTC)pointstothepossibilitythatthedigitalcurrencyiscurrentlyinthelastaccumulationlapthathistoricallyprecedesmajorparabolicbullruns.

“Areweina$BTCbearmarket?No,weareinthere-accumulationphaseofabullmarket,”heexplainedwhilepointingtothechartseenbelow.

PuttingallthesefactorstogetherpointstothepossibilitythatnextyearwouldbeaverybullishyearforBTC.Ifhistoryrepeatsitself,thedigitalcurrencymighttestanewall-timehigh.

PrincessOgonoisawriter,lawyerandfitnessenthusiast.Shebelievescryptocurrenciesarethefuture.Whenshe'snotwriting,shespendstimewithheradorablecat,Gingerandworksoutoften.

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