From the beginning of the year, bitcoin started with around $1,000 and it is about $17,400 now. Analysts have been busy trying to give reasons why bitcoin has continued to rise all these while not minding the kicks and attack it has been getting from different world personalities and countries. Having proved many financial pundits wrong all these while, it makes one believe that bitcoin is actually unstoppable.
Do you think that bitcoin will break another record of reaching $20,000 before the end of the year?
Do you think that bitcoin will break another record of reaching $20,000 before the end of the year?
People are somehow sure that it will hit $20,000 before the end of the year and I think it already did in other exchanges but the question that we need to ask ourselves is whether it will have the steam to stay on that price range. That price is somehow a psychological resistance to the community and many of the traders will post their sell orders on that area. It is very likely that we will surpass that area and once it happens, a new bull run of BTC is very inevitable.
