{"id":17233,"date":"2020-12-17T07:12:34","date_gmt":"2020-12-17T06:12:34","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17233\/"},"modified":"2020-12-17T07:12:34","modified_gmt":"2020-12-17T06:12:34","slug":"bitcoin-has-no-longer-any-resistance","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/bitcoin-has-no-longer-any-resistance\/","title":{"rendered":"Bitcoin has no longer any resistance"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1870,065
\n(+3,26%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,2229
\n(+3,00%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 30162,50
\n(+1,05%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 48,535
\n(+11,65%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013582,57
\n(+2,53%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

Bitcoin has finally surpassed the $20,000 per BTC level.<\/p>\n

BTC<\/strong><\/p>\n

\"BTC\"<\/p>\n

Throughout the autumn, and throughout the 9k to 20k rally, we have repeatedly drawn the attention of our subscribers to the upside triggers. The interesting thing is that, despite breaking the all-time price high, these triggers have not gone anywhere. In fact, they have become even stronger.
\nFor example, investors and even public companies are buying more and more BTC. And they buy it at the price 2 times more than they did 3-4 months ago. It turns out that this price level no longer seems high to them.
\nThere has been a lot of talk over the past 2 weeks that whales are getting rid of bitcoins en masse, which means we should expect a reversal. However, in this case, it meant the following. There was a BTC spillover from whales, who had previously bought the first cryptocurrency and were now locking in profits, to new big investors who were entering the market for the first time.
\nWhat to expect from bitcoin now? Where might it be headed? That’s something no one can know. After breaking through absolute highs, the price very often starts to behave completely irrationally. However, we still don’t expect next year the $100,000-300,000-500,000 per 1 BTC that many people promise.
\nFor 2019, bitcoin has doubled. And for 2020, if the price stays around that level, 3 times. These are the numbers we should be counting on. That is, a conservative estimate of optimists will be $40-60 thousand by the end of next year.
\nAnd the pessimistic estimate? We will not announce it, because we always were optimists about BTC, which you can easily understand from our newsletters. Moreover the fate of the pessimists since the first year when BTC saw the light is extremely unenviable. It is a trend that is our friend.<\/p>\n


\nWhat awaits us today?<\/strong><\/p>\n

01.30 Australian unemployment rate
\n10.00 Swiss Central Bank press conference
\n11.00 Bank of England Interest Rate Decision<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1870,065 (+3,26%) EURUSD\u00a0 \u00a01,2229 (+3,00%) DJIA\u00a0 30162,50 (+1,05%) OIL.WTI\u00a0 48,535 (+11,65%) DAX\u00a0 \u00a013582,57 (+2,53%) Bitcoin has finally surpassed the $20,000 per BTC level. BTC Throughout the autumn, and throughout…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBitcoin has no longer any resistance | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Bitcoin has finally surpassed the $20,000 per BTC level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/bitcoin-has-no-longer-any-resistance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin has no longer any resistance | 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