Bitcoin ser en viss enorm styrka idag när priset går igenom $ 15.000 igen

Kryptovalutan har kämpat för att hålla sig över denna nivå efter att den mött ett intensivt inflöde av försäljningspress på $ 16.000
Avvisandet här var dock inte så intensivt, eftersom Bitcoin Loophole senaste tillbakadragning var kortvarig och följt av enorma uppåtriktningar
Var det trender nästa beror sannolikt till stor del på hur starkt stöd tjurar kan bygga till $ 15.000
Om den bryter under denna nivå igen kan det indikera att en trendförändring är nära förestående
En väl respekterad näringsidkare noterar nu att han ser efter ett steg till $ 15 600 på kort sikt, och förväntar sig också att altcoins kommer att se ytterligare styrka

Bitcoin och den aggregerade kryptovalutamarknaden ökar högre idag, med BTC som leder vägen efter sin återhämtning från låga priser på 14 400 $ som var högst upp på den senaste försäljningen.

Köpare köper aggressivt varje dopp som krypton står inför, ett tecken på att tjurar har full kontroll över utsikterna.

Var det trender på medellång sikt kan bero till stor del på huruvida tjurar kan bygga stöd till 15 000 dollar eller antingen starta en konsolideringsfas eller skjuta det över 16 000 dollar.

En näringsidkare noterar att han förväntar sig att ytterligare uppåt kommer att inträffa under de kommande dagarna och veckorna.
Bitcoin visar tecken på styrka när köpare absorberar senaste Selloff

I skrivande stund handlas Bitcoin upp med över 3% till sitt nuvarande pris på $ 15 300, vilket är runt det pris som det har handlats under de senaste dagarna.

Igår försökte björnar bryta denna stabilitet när de pressade priset till 14 400 dollar, med stödet här tillräckligt viktigt för att utlösa en nästan omedelbar rebound som ledde den upp till den plats där den för närvarande handlar.

Det finns en stark möjlighet att denna rebound markerar början på kryptos nästa ben högre.

Analystkrav flyttar högre är överhängande efter BTC-rebound

En legendarisk pseudonym handlare förklarade i en tweet nyligen att han förväntar sig att Bitcoin testar sin leveransregion till $ 15 600 innan han gör något seriöst steg högre.

”Jag kommer att hålla den här korta, tror att vi testar om utbudet på 15,6 000 innan någon större flytt på BTC. Altcoins rör sig ganska mycket mer som ett högre beta-spel när bitcoin svalnar lite. ”

De kommande dagarna borde ge insikt i betydelsen av den här senaste Bitcoin-returen.

Bitcoin prepares for battle at the beginning of a Democratic transition in the United States and with the coronavirus spreading lockdowns elsewhere.

Bitcoin (BTC) is beginning what is likely to be a busy week for the markets as the United States begins its two-month presidential transition.

Bitcoin continues to rise and reaches a new record price of $15,950 in 2020.

After Joe Biden was declared the likely winner of the U.S. presidential elections over the weekend, Bitcoin fell, but managed to avoid major losses – what next?

The Cointelegraph analyzes the factors that should influence BTC’s price activity next week.
US electoral frenzy begins to hurt

Attention remains firmly fixed in Washington as the outcome of a highly controversial election begins to unfold.

Experts warned that market volatility was by no means guaranteed after the result was released. As this occurred over the weekend, the opening of Wall Street on Monday is a source of interest for market participants.

Bitcoin has last major hurdle before facing a maximum of $20,000

Until the moment of writing this article, Japan was leading the gains, with its stock market reaching the highest in 29 years in what the press is calling the „Biden jump“.

Bitcoin, on the other hand, stopped before continuing last week’s gains and reached US$ 14,400 – US$ 1,590 below its recent peak. Since then, the BTC/USD has recovered considerably, turning around US$ 15,250 at the time of writing on Monday.
BTC/USD daily chart.

Acting President Donald Trump has pledged to challenge the vote count and may still cause more problems for Biden, leading to confusion over policy, which could still shake market sentiment.

Removing the lens, however, analysts often argue that in the long run, Bitcoin and gold as protective assets will ultimately win the election, regardless of which candidate leads the US in the future. The reason, among other things, is inflation.

As the Cointelegraph reported last week, a speech by Jerome Powell, president of the Federal Reserve, called for more financial stimulus to enter the U.S. economy, increasing debt and degrading the dollar.

„Bitcoin is the dominant crypto network – designed to host the ideal protection asset and preserve monetary power for long periods of time without loss of power,“ summarized Michael Saylor, CEO of MicroStrategy, in a tweet on Monday.

„This makes #BTC the solution to all investors‘ value reserve problem. Few understand. ”

Coronavirus chaos strangles Europe

Accompanying the electoral repercussions is the continuing turbulence in the management of Coronavirus by nation states.

Europe and the US have recently diverged on this issue, with the former succumbing to a wave of new lockdown measures that have met with considerable resistance from the population.

After showing optimistic recovery statistics for the third quarter, many governments will soon draw another, absolutely less interesting picture of their economies for the fourth quarter as economic activity plunges for the second time in 2020.

This opens up the possibility of history repeating itself for the Bitcoiners. After the asset crash in March and the first lockdowns, the Bitcoin recovered from $3,600 to a five-digit circle in less than two months.

While the governments themselves repeated the controversial responses to the virus, analysts already predicted a strong year for Bitcoin in 2021. Among them, as reported by Cointelegraph, Real Vision CEO Raoul Pal and Gemini fellowship co-founder Tyler Winklevoss predicted a new all-time record for BTC in the first quarter of next year.
Fear & Greed Index reaches dangerous zone

In terms of current investor sentiment, however, warning signs are ringing as Bitcoin remains above $15,000.

According to the Crypto Fear & Greed Index, which measures market sentiment using a basket of factors, a correction is more than overdue.

Compiled as a score of 100, the Index reached its highest reading since June 2019 on Monday – the moment Bitcoin circulated its annual highs of $13,800.

For comparison, two weeks ago the Index measured below 60 – firmly ’neutral‘ territory – before the last price rose the sentiment.

The closer the score is to 100, the more likely it is that the market will correct itself thanks to a wave of sales, pulling the price down.
Historical Crypto Fear & Greed Index chart. Source: Alt

The Iranian leadership will in future allow international payment transactions with Bitcoin in order to circumvent sanctions. The central bank should also soon have a good amount of BTC on its books.

Money is a weapon and the US is masters of it. Since the United States of America de facto excluded Iran from international payments, the Islamic Republic has been doing worse and worse.

We remind us:

In November 2018, the payment messaging network SWIFT took Iranian banks offline at the instigation of the USA . Since then, imports and exports have hardly been possible, as they can only be paid for with great difficulty. The move was very successful as an economic sanction against Iran; In the end, political interests can be implemented quite effectively through the financial channels.

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The Bitcoin community sensed a scandal back then. Ultimately, the US sanctioned the Iranian people, who suffer from such sanctions. Bitcoiners meanwhile stand for the neutrality of money. Money should work, do its job, but not satisfy political conduct like that of the United States.

Bitcoin: a neutral, monetary medium

Cryptocurrencies like Bitcoin are exactly that. A neutral, monetary medium that is not subject to any institution except its users. The leadership of crisis-ridden Iran seems to have understood this fact. There is no other explanation for the fact that both the government and the central bank of the Near Eastern state have passed a bill that allows traders to use Bitcoin to import goods.

Because like Iran Daily reports, „The government changed its regulations on cryptocurrencies to allow them to be used to finance imports.“ Specifically, this means that the central bank acts as a kind of middleman who passes on mined BTC to importers. They can then use the coins to reward trading partners outside the country’s borders.

The move is a bang and has generated a corresponding response in the community. Finally, the message implies that the monetary authorities of the Islamic Republic will soon have BTC on their balance sheets.

BTC acceptance and game theory

This is exactly the scenario that game theory suggests. On the global plaything, there are states whose sovereignty is threatened by Bitcoin – such as the USA as the issuer of the world reserve currency – and those that benefit from the acceptance of the cryptocurrency. Especially when it happens before anyone else. The latter include marginalized countries like Iran. From the point of view of the decision-makers, it is therefore all too understandable why such a decision was made.

The relationship between BTC and Iran has so far been characterized by mistrust. After it became known that Bitcoin miners were converting subsidized electricity into satoshis, the authorities shut down several crypto mines. Mining has been legal since July 2019 . However, the regulatory environment is still uncertain. However, the industry could certainly pick up speed with the latest developments. With the central bank, miners have at least one buyer for mined coins who does not lack liquidity.

Square’s decision to buy Bitcoin and keep it in reserve has delighted the crypto community.

The decision was made after MicroStrategy made a similar investment a few months ago, albeit on a larger scale.

If this trend gains momentum while the dollar continues to experience unprecedented inflation, it could be a catalyst for a massive BTC rebound

The importance of this fact shouldn’t be underestimated – and the data also seems to suggest that Square may just be the „tip of the iceberg.“

The data on the chain seems to suggest that a myriad of other large, unannounced investors (and possibly companies) are currently in full Bitcoin Era accumulation mode.

Bitcoin is currently expressing some notable signs of strength as its price has overcome major resistance in the region below $ 11,000.

It is important to note that the selling pressure has been quite intense here and could result in a disadvantage if the bulls are unable to maintain momentum.

This is not an ordinary rally, however, as the price is being driven by BTC in the hope that the cryptocurrency will continue to be adopted by companies as a reserve currency.

A well-respected on-chain analyst notes that MicroStrategy and Square are just the „tip of the iceberg“ – pointing to on-chain data suggesting that other major investors have pushed BTC up at a rapid pace.

Bitcoin is experiencing a remarkable boom

At the time of writing, Bitcoin is trading well over $ 11,000, marking a remarkable rebound from the recent lows of $ 10,600 that were set just a few days ago.

BTC has been consolidating lately, with cryptocurrency barely gaining momentum due to declining news regarding the CFTC’s persecution of the co-founders of BitMEX.

However, yesterday’s news from Square managed to bring the trend back into the bulls‘ favor.

Data: Square and MicroStrategy are just the beginning

Prominent on-chain analyst Willy Woo writes in a tweet that Square and MicroStrategy are likely not the only companies currently accumulating Bitcoin .

Pointing out the massive reduction in spot BTC available on the exchanges, he notes that the collective buying by the above two companies is only a small fraction of the total supply reduction that has been seen lately.

“The purchase of 4,709 BTC by Square and 38,250 BTC by Microstrategy is the tip of the iceberg. In the past 8 months, speculative stocks on the exchanges have been reduced by 250,000 BTC, suggesting that many other * unannounced * investors have withdrawn coins from the market. “

If another publicly traded company makes a similar announcement, it may officially be considered a trend and could become a catalyst for serious growth.

Zug – en av regionerna som tillhör Schweiziska edsförbundet – har meddelat att invånarna kommer att kunna betala sina skatter i antingen bitcoin eller Ethereum från och med nästa år.

Zug – Vill du betala din skatteregning med digital valuta?

Zug är en del av Schweiz kärleksfullt kallad “ Crypto Valley „, som har fått sitt smeknamn tack vare de många bitcoin-, crypto- och blockchain-startups som regionen för närvarande rymmer. Området har fått sitt namn från Silicon Valley, den del av norra Kalifornien som för närvarande fungerar som hem för många av världens ledande teknikföretag inklusive Google, Apple och Facebook, bara i stället för bostadstekniska företag, är Crypto Valley helt ägnad åt blockchain och kraften hos digitala tillgångar.

Nyheten är stor i den meningen att Bitcoin Profit och kryptovalutor ofta är reserverade för spekulativ handel. Ursprungligen var de utformade för att potentiellt ersätta fiatvalutor och tillåta användare att köpa både varor och tjänster, även om den här drömmen fortfarande är långt ifrån en verklighet trots att bitcoin har funnits i över tio år vid denna tidpunkt.

Problemet är att många av dessa kryptovalutor förblir extremt volatila för prisförändringar. De kan klara sig extremt bra ett ögonblick och sedan drabbas av dramatiska droppar nästa. Detta inträffade nyligen med bitcoin, världens största kryptovaluta efter marknadsvärde. För andra gången på flera veckor passerade tillgången nyligen tröskelvärdet på 12 000 dollar , vilket fick många handlare att tro att det senaste motståndsmärket skulle bli ett minne blott.

Tyvärr var detta inte fallet, eftersom hoppet inte varade. Nu har tillgången fallit mer än 1000 dollar till det höga intervallet 10 000 dollar trots att den inte sjunkit under 11 000 dollar på flera veckor.

Många företag och företag är inte villiga att ta en chans att de kan förlora pengar genom att acceptera krypto som betalningsmetod. Säg till exempel att du köper varor till ett värde av 50 USD från en butik med bitcoin, men i morgon sjunker tillgångens pris, vilket gör att $ 50 mer som $ 30. Medan du fortfarande går iväg med allt du har köpt, sitter butiken fast och hanterar en förlust på 20 USD. Återförsäljare och företagsägare är sannolikt inte villiga att acceptera ett sådant öde, varför så få kommersiella företag accepterar krypto som kontant motsvarande.

Så tanken att man nu kan betala oavsett skatteräkningar som har samlats i krypto är ett stort steg framåt. Zug har meddelat att användare kan betala sina räkningar med krypto med början i februari 2021. Summar på upp till $ 110 000 kan tas om hand via kryptobetalningar.

Alltid få sina pengar värda

Heinz Tannler – finansdirektör för Zug-administrationen – kommenterade i en intervju nyligen:

Vi tar ingen risk med denna nya betalningsmetod, eftersom vi alltid får beloppet i schweiziska franc, även om betalningen sker i bitcoin eller eter.