BTC Breaks Past $18,000 Again Despite Bearish Whales

[MUGNIA]

Though whales moved millions of BTC on exchanges in the last few days, the price of BTC has recovered, heading towards ATHs once again.

While Bitcoin never made it back to its all time high of $20,000, it has been pumping over the last week. Many people feel that this time, it’s different.

Earlier this week, the price of BTC dropped from nearly $20,000 near to a resistance of $16,300. Things did not look good as the crypto market has grown tremendously since August. At the end of July, 2020, the total crypto market cap was around $311 million, and now sits at $546 million, according to Coingecko.



ight before and after the Nov 25/26, 2020 dip, there were a number of bearish signals for BTC.

Besides the psychological resistance level of $20,000, things had changed since 2017’s bullrun to question this rise. Now, investors are long term adopters, rather than just speculators, according to a report by Grayscale.

more : https://beincrypto.com/btc-breaks-past-18000-again-despite-bearish-whales/