Bitcoin is now heading towards $20,000 as the price is now standing above $19,700. After a slight push from whales, it may register a new all-time high value.
Bullish Sentiments in BTC Markets
In today’s trading session, the price has reached a peak position of the last two weeks after remaining in a low trading zone. As per the information given by TradingView, CoinMarketCap, and Coin360, the top digital asset is trading at $19,760. Since the start of December, the value is playing in the region between $19,500 and $20,000.
The current market trend is highly bullish and it seems that price could easily surpass $20k with the support of investors who really want to see Bitcoin successful.
Prominent analyst Michaël van de Poppe analyzed crypto markets and claimed over Twitter that if the flagship asset finds support at $19,500, the next target will be at $21,000. “However, you’d want this red zone at $19,400-19,500 to become support. If that happens, the price can continue towards $20,500-21,000,” he added.
A big personality in the crypto industry named “PlanB” explained that the US government is planning to roll out a stimulus package of $900 billion. It is one of the major reasons that support current bullish sentiments in the BTC markets over trading platforms.
Michael Saylor, the founder of MicroStrategy, claims that Bitcoin is now a part of life and you cannot distinguish it as a separate asset from other financial instruments. According to Saylor:
“Connect your phone to the mobile network, your computer to the data network, your home to the power network, & your treasury to the monetary network. Bitcoin isn’t just an investment, it’s a way of life.”
A recent survey conducted by the Bank of America unveils Bitcoin has entitled number three position in the list of most crowded trades. The monthly survey of the Bank of America also reveals a progressive status of the top digital currency as it is going to overturn two other entities from the list in the next coming months.
Currently, Bitcoin is exchanging hands at $19,707 after a surge of 2.44% in the last 24-hours. In the weekly timeframe, the flagship cryptocurrency is up 8.60%.
Over weekly and monthly graphs, $20k is a strong resistance that needs to be overcome if whales want another breakthrough from the king cryptocurrency.