Bitcoin price explosion past $ 27K past – now BTC market over $ 1 trillion

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Bitcoin (BTCOn December 27, the holiday Sunday, more than $ 27,000 went up. In addition, Bitcoin has a market capitalization of over $ 3 trillion.

Hourly Candlestick Chart in BTC / USD (Bitstamp). Source: Tradingview

Bitcoin market cap violates $ 500,000,000,000

Less than three-day new record high for Bitcoin After breaking the resistance at $ 24,000: This means that the BTC price has doubled in the past two months after earning nearly $ 10,000 in December alone.

Bitcoin currently has a market capitalization of over $ 510 billion, under Warren Buffett’s Berkshire Hathaway, the tenth largest company in the world. Here it comes Less than the day after Market Orientation of Visas

As a Cointelegraph ReportedThis Sunday’s rising Bitcoin price has crossed the new downside trend of the popular stock-to-flow model (around $ 24,900). Estimated target $ 100,000December 2021 by t.

At the same time, it seems to be the current bull cycle Different and more sustainable than in 2017 Traders expect more expectations in the coming months. These include: Intense organizational acquisitionStronger foundations; Less available support Still on the exchange Quite a bit of interest from retailers:

Google searches for Bitcoin Source: Google Trends

In particular, the BTC price is spreading further psychological resistance to $ 30,000, which does not prevent the possibility of a major downturn in the near future.

“Vertical movement is usually a quick fix (remember Summer 19 ‘). Warning Cointelegraph Markets analyst Michael van de Poppe reiterated on December 27.

Do not be cut off from discipline. The cattle market will last a long time. Have a longer horizon.



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