Post
Topic
Board Trading Discussion
Re: If bitcoin surpasses the $60K level then it will hit higher than $100K
by
LittleJadiel
on 15/02/2021, 04:42:33 UTC
If that will ever happen, It won't be the work of famous figures in the industry but rather because of the institutional investors slowly getting their investments right with Bitcoin. After the Tesla news, I believe that it attracted a lot of institutions to do the same and I believe that's going to be a big jump for Bitcoin. Bank of NY Mellon last week even said it formed a new unit to help clients own and trade digital assets.

I have been watching BTC on KuCoin and I've seen it hit the ATH just recently, Bitcoin was consolidating under the $38,000 resistance area for a prolonged period. This presented a risk to the short-term bull cycle of Bitcoin. Resistance is quite strong on $49900 though so I advise everyone to be really careful trading.