4 Reasons Why Bitcoin Has Finally Surpassed $20,000

4 Reasons Why Bitcoin Has Finally Surpassed $20,000

All vital statistics favor bitcoin continuing to set new all-time highs in price. But not only has the $20,000 price level been reached; Bitcoin is likely to go much higher altogether. Weak hands and scalpers squeezing every dollar out of their position are now being left behind as bitcoin keeps trending higher.  The Case For $20,000-Plus Bitcoin It is pertinent for everyone to look beyond the trading value exchanges may depict at any given time. Every time someone looks at the price, that figure represents a temporary snapshot of the inevitable. Whether bitcoin is at $17,000 or....


Related News

Ethereum Just Surpassed $500 For First Time Since 2018—Key Reasons Why

The price of Ethereum (ETH) hit $500 on Binance for the first time since July 2018. The timing of the ETH rally is noteworthy because it comes merely two days after it dropped to $456. Within two days, from its lowest point on November 18, ETH has rallied by nearly 10%. Several key reasons appear […]

Three Reasons Why Chainlink’s Downtrend Against Bitcoin Just Started

Chainlink is easily the best performing cryptocurrency for the last three years, and this year managed to outperform Bitcoin by over 500%. But the tides have finally turned on the two opposing crypto coins, and it could signal an extended downtrend against the first-ever cryptocurrency for the foreseeable future. Here are three compelling reasons and […]

Bitcoin Price Weekly Analysis: Price Falls Back to 380, BTC Exchanges Unable to Pinpoint Reasons

Bitcoin has had one of its best weeks since August 2014, peaking US$500 per bitcoin on November 5, reaching a new yearly high and attracting the interest of high profile Chinese investors and well-established financial institutions. However, the bitcoin price quickly depreciated as it surpassed US$500 in most Chinese exchanges including Huobi and BTC China, falling back to the US$380 zone and sustaining itself ever since. interestingly, prominent bitcoin startup, exchanges and financial experts are unable to pinpoint the exact reasons to both the surge and depreciation of the bitcoin....

How Filecoin is up 50% in a week and could take more profits

After a week of significant gains, Filecoin (FIL) is shaping up to become one of the biggest earning cryptocurrencies of the month. Journalist Colin Wu has recorded increasing interest in the cryptocurrency and its file-sharing platform: Filecoin surpassed $100, benefiting a large number of Chinese miners and investors. Reasons: the first investor token will be […]

Bitcoin hits $14.7K — 3 reasons this rally may see new all-time highs

The price of Bitcoin has surpassed $14,700 on Nov. 5 as the steep uptrend coincides with several familiar metrics and on-chain data points seen in 2017. From November to December in 2017, the price of Bitcoin (BTC) experienced a parabolic uptrend to a new all-time high at $20,000.There are three reasons Bitcoin might see a similar trend in the upcoming months. First, the post-halving cycle is coming into effect. Second, the relative strength index (RSI) shows room for a bigger rally. Third, the rally is not overheated, at least in the derivatives market.Long-term RSI shows Bitcoin not....