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Thursday, November 26, 2020 11:27 am (GMT + 7)
Recently, Bitcoin has continuously risen in price, peaking in the last 3 years.
The digital currency Bitcoin on November 24 reached $ 19,000 / 1 bitcoin, almost hitting a record of approximately $ 20,000 in 2017. However, this is not the highest level this year.
The uptrend continued on November 25. At one point, the highest bitcoin price was recorded at $ 19,392.91.
However, on the morning of November 26, the price of bitcoin showed signs of falling to $ 18,826.26.
As of now, bitcoin is up more than 150% year-on-year, driven by upbeat sentiment linked in part by fintech companies, including PayPal and Square, that are involved in cryptocurrencies. PayPal on October 21 allows customers to use digital money to make payments.
Bitcoin is forecast to rise sharply
Additionally, investors are in demand today for all kinds of risky assets, including digital currencies, when governments and central banks around the world have to. apply stimulant measures in response to the negative effects of the Covid-19 acute respiratory inflammatory pandemic.
Todd Gordon, founder of TradingAnalysis.com, used Elliott Wave Theory in technical analysis to see where the price of bitcoin could go. This is an analytical theory that relies on market psychology to identify recognizable patterns.
He determined that the next bitcoin price top would be $ 74,000 and the subsequent correction at around $ 34,000 based on Fibonacci indices.
Source: http://danviet.vn/tang-nhu-vu-bao-bitcoin-se-vuot-nguong-70000usd-502020261111282501.htm
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