Crypto bulls are charging as all major cryptocurrencies are seeing a significant upward trend in the last month.
Bitcoin breaking through $18,000 is a strong indicator of a steady trend and investors are expecting to price increase further in the coming days.
There is a visible volume of “sell” transactions set at around $19,350 and $19,550 which is the major resistance line marking Bitcoin’s all-time highest price.
At this moment investors are still very positive about BTC’s trend and many experts predict that it could burst through $20k and beyond in 2021.
Many altcoins follow a similar trend and reaching new heights not seen for a long time.
According to Coindesk, factors such as PayPal interests in crypto and Bitcoin halving last May play a role in the current bullish trend.
Other experts point at negative interest rates, particularly in Germany, as another factor driving the price up.
[The author is not an investor and doesn’t offer advice. Please invest responsibly and remember that any investment is always associated with high risk. This article is strictly for entertainment purposes]
