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02 December 2020

Bitcoin Buying Pressure at Record Highs as Billionaires Search for Dollar Hedge | Crypto Briefing

Bitcoin Buying Pressure at Record Highs as Billionaires Search for Dollar Hedge | Crypto Briefing


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Bitcoin Buying Pressure at Record Highs as Billionaires Search for Dollar Hedge.

BTC’s buying pressure is at record highs, which will likely lead to new all-time highs before the end of the year.

15, 2018, of $3,100, Bitcoin will indeed revisit previous all-time highs.

Each time Bitcoin rose to unexplored territory, a steep retracement followed.

It wasn’t until mid-April 2017 that BTC could turn this supply wall into support and rise to higher highs.

Given the timing in which these sell signals are developing, BTC might see similar price action in early 2017 when it tried to move past the 2013 all-time high

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