Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively? BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
Technically and fundamemtally bitcoin seems ready to break the 20k mark and as it is the previous high mark i think once btc breaks this price level it will be the start of new bull cycle, i am hopeful that next bull phase will be bigger than ever as it is coming with additional positivity of adoption and compliance.