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The path of the Bitcoin price to $ 20,000 opens up. After the main resistance was broken

The path of the Bitcoin price to $ 20,000 opens up. After the main resistance was broken
Bitcoin's price hit the 2020 high of $ 18,750 on November 20, and it seems that an extended uptrend without a correction will still be seen at this point. Near historical highs, TradingView data shows that the price of the BTC / USD pair has suddenly risen sharply. After being able to sustain above $ 18,000. And could easily break the old 2020 peak of $ 18,420. At the time of the news, Bitcoin's price hit a 2020 high of $ 18,824, and it is close to the historic high it hit December 2017 at $ 20,000 every now and then. The price spike was followed after the prices of some altcoins were able to continue to hit major highs. This is a resistance level that has not been tested for many years. Tom Lee, a prominent price analyst who has been out of the field for quite some time, recently commented that the market has never looked so. The trend has been as strong as this before. “The halving happened this year. And have a very good effect on the price This part of history also indicates that the upcoming halving is still significant, ”said Lee in an interview with Yahoo Finance. The best in the past year But it appears to have escalated this year. Well, it surpasses other types of assets without seeing dust in 2020, but in 2021 I think it will be Bitcoin's fireworks year, so if people care They should know that the best is yet to come. ”Data from renowned analytics website Skew reveals how much bitcoin has surpassed gold. Its yield from the beginning of the year to the present is 160%, while gold is only 22%, while S&P 500 is just 10.9%.
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