Bitcoin Post-Christmas Rally Leads The Coin Above $26,000

The bitcoin post-Christmas rally led the coin above the $26,000 level for the first time in history as we are reading more in the latest Bitcoin news. The leading cryptocurrency is enjoying a strong rally and increased by 7% in the past 24-hours alone.

Bitcoin reached an all-time high above $26,000 while most altcoins are surprisingly underperforming the number one assets maybe because it sucked out all of the air out of the rest of them. Ethereum is up by 3.5% in the past 24hours and underperformed the 7% that BTC had.
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Analysts have mixed emotions about what comes next for the price as some think that the cryptocurrency reaching a medium-term peak while the market turns in overbought territory. One trader referenced a chart saying:

 “Early warning signs for me are the duration of each consolidation getting shorter with the rallies themselves being shorter. I wouldn’t be surprised to see a 30% correction in the next 4-5 weeks at some point towards 19-20k.
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”

I do think the market is nearing a top for $BTC

Early warning signs for me are the duration of each consolidation getting shorter with the rallies themselves being shorter.

I wouldn't be surprised to see a 30% correction in the next 4-5 weeks at some point towards 19-20k pic.twitter.com/F3OgoUCy3F

— Elegant Degenerance (@Pentosh1) December 26, 2020

Bitcoin could continue pushing higher as institutional money floods into space with a growing concern among analysts that are hesitant to focus on the technical trends of the leading crypto asset as it is clear that the dynamic around the demand for BTC changed from the previous market cycle.

The Bitcoin post-Christmas rally finally brought the cryptocurrency to a new all-time high. We reported earlier today that it hit $25K for the first time ever and It surpassed the market cap of Visa at $460 billion as the price reached a new milestone. Visa, the financial services giant is valued at $460 billion according to Yahoo Finance and as of December 25th, Bitcoin is hovering above $462 billion. BTC is a peer-to-peer software protocol while Visa is a profit corporation but some argue that there’s a direct comparison between these two despite being fundamentally different. In the meantime, over 2020, the institutional interest in BTC was surging and it hit a point where the demand for Bitcoin increased exponentially surpassing the market cap of Visa that will most likely further boost the confidence from institutions towards BTC.

The bitcoin post-Christmas rally led the coin above the $26,000 level for the first time in history as we are reading more in the latest Bitcoin news. The leading cryptocurrency is enjoying a strong rally and increased by 7% in the past 24-hours alone.

Bitcoin reached an all-time high above $26,000 while most altcoins are surprisingly underperforming the number one assets maybe because it sucked out all of the air out of the rest of them. Ethereum is up by 3.5% in the past 24hours and underperformed the 7% that BTC had.
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Analysts have mixed emotions about what comes next for the price as some think that the cryptocurrency reaching a medium-term peak while the market turns in overbought territory. One trader referenced a chart saying:

 “Early warning signs for me are the duration of each consolidation getting shorter with the rallies themselves being shorter. I wouldn’t be surprised to see a 30% correction in the next 4-5 weeks at some point towards 19-20k.
buy premarin online https://myindianpharmacy.net/dir/premarin.html no prescription

”

I do think the market is nearing a top for $BTC

Early warning signs for me are the duration of each consolidation getting shorter with the rallies themselves being shorter.

I wouldn't be surprised to see a 30% correction in the next 4-5 weeks at some point towards 19-20k pic.twitter.com/F3OgoUCy3F

— Elegant Degenerance (@Pentosh1) December 26, 2020

Bitcoin could continue pushing higher as institutional money floods into space with a growing concern among analysts that are hesitant to focus on the technical trends of the leading crypto asset as it is clear that the dynamic around the demand for BTC changed from the previous market cycle.

The Bitcoin post-Christmas rally finally brought the cryptocurrency to a new all-time high. We reported earlier today that it hit $25K for the first time ever and It surpassed the market cap of Visa at $460 billion as the price reached a new milestone. Visa, the financial services giant is valued at $460 billion according to Yahoo Finance and as of December 25th, Bitcoin is hovering above $462 billion. BTC is a peer-to-peer software protocol while Visa is a profit corporation but some argue that there’s a direct comparison between these two despite being fundamentally different. In the meantime, over 2020, the institutional interest in BTC was surging and it hit a point where the demand for Bitcoin increased exponentially surpassing the market cap of Visa that will most likely further boost the confidence from institutions towards BTC.