Seeking Alpha
2020-11-05 12:52:52

Hodlers eye $20K as Bitcoin rallies to new multi-year high

Up nicely again this morning, Bitcoin (BTC-USD) is currently changing hands at $14.8K. That's the highest level since January 2018, when it was rapidly crashing from late December's all-time high of about $20K.Today's move means Bitcoin has more than doubled in value this year, with a gain of about 40% just over the past four weeks.Summing up the current bullish sentiment is GSR's John Kramer who says we may not know who the next president is, but we do know the Fed will continue keeping the money printer humming.The move even has Whitney Tilson chiming in. Unsurprisingly, he's bearish, calling it "a techno-libertarian pump-and-dump scheme."

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer