After a long wait and several attempts to break the resistance, Bitcoin turbo-charged and broke the $ 20,000 wall, currently standing at $ 20,240. Today, anyone who bought Bitcoin, especially in December 2017 when the value touched $ 20,000, is in profit, unless they decided to trade and eventually lost or sold at a lower price.
From the graph, we can see that the volumes are not among the highest, and it is also conceivable that the market could breathe for a moment and return below 20k but it was important to overcome this psychological limit and this could indicate new targets for gold. digital, like 50k or 100k!
Euphoria aside, it is certainly a big positive sign for all supporters of the currency and a moral slap in the face for all the great economists who have criticized Bitcoin over the months, especially in the most difficult months, reaching $ 3000. * Bitcoin is dead * they said and is now risen!
Can a new rally start now? Well the market is euphoric, as I write to you Bitcoin has already touched 20600 and it can also be a risky time to invest, too much euphoria could generate a dump in the short term.
There is no doubt that the entry of institutional investors has literally launched BTC towards its all-time highs and now we are enjoying this result. At the time of exceeding the 20k threshold, Telegram went KO, coincidence? It would also be interesting to understand if Coinbase works correctly as usually when there is a large pump or dump, the exchange is always KO.
Well, let's enjoy these beautiful emotions!