Bitcoin, the world’s most popular cryptocurrency, has hit the $27,000 mark setting new price record.
#Bitcoin hit 24k on the 24th.
— Binance (@binance) December 27, 2020
25k on the 25th.
26k on the 26th.
27k on the 27th.
... Continue below ⬇️
At press time the leading cryptocurrency is trading very close to $27,600 range.
Source: coinmarketcap.com
1/ Why Bitcoin may be going through a "Supercycle"
— Dan Held (@danheld) December 26, 2020
This time is different: COVID, Gold 2.0 narrative, institutional herd, and ease of use have set a new stage.
Instead of a normal bull/bear cycle, Bitcoin would break convention and enter a “Supercycle”
Thread ?
Many analysts say that this positivity won't stop in the crypto markets, suggesting the price can exceed the $30,000 barrier.
1. $BTC price action looks strong here. Few sellers on Coinbase in the short term shown here by the lack of asks (yellow lines) above price.
— Philip Swift (@PositiveCrypto) December 26, 2020
In terms of on-chain activity... pic.twitter.com/NyLfPiH8gi
Disclaimer: The Cryptocurrency market is considered highly speculative, risky, and largely unregulated. Anyone mulling investing in it, should be aware there's a risk of losing their entire investment.
