Breaking: Bitcoin Price Blasts Past $27,000 in Latest Rally

Breaking: Bitcoin Price Blasts Past $27,000 in Latest Rally

Published December 27th, 2020 - 07:30 GMT

































Highlights





What could be next for Bitcoin?















Bitcoin, the world's most popular cryptocurrency, has hit the $27,000 mark setting new price record.

#Bitcoin hit 24k on the 24th.

25k on the 25th.

26k on the 26th.

27k on the 27th.

... Continue below ⬇️

“” Binance (@binance) December 27, 2020

At press time the leading cryptocurrency is trading very close to $27,600 range.

Source: coinmarketcap.com

According to analysts, the reason behind Bitcoin's price skyrocketing is the high institutional money pouring in the crypto market, as FOMO is driving the raising of demand. 

1/ Why Bitcoin may be going through a "Supercycle"

This time is different: COVID, Gold 2.0 narrative, institutional herd, and ease of use have set a new stage.

Instead of a normal bull/bear cycle, Bitcoin would break convention and enter a "Supercycle“

Thread

“” Dan Held (@danheld) December 26, 2020

Many analysts say that this positivity won't stop in the crypto markets, suggesting the price can exceed the $30,000 barrier.

1. $BTC price action looks strong here.  Few sellers on