The recent jump in the price of bitcoin, thanks to the news of the entry of People into the field of digital currencies, has raised the hopes of the holders of this digital currency to rise further. Many analysts now believe that this ascent is different from previous ascents.
According to Decript, the price of Bitcoin jumped 8% after the news of the arrival of this giant in the field of digital technology, and was able to reach the peak of $ 13,200. Currently, each bitcoin unit is traded in the range of $ 12,700. The current price is the highest price since June 2019.
So far, Bitcoin has managed to keep its price above $ 12,500 for a while only in 2017. At the time, the rise in early coin offerings (ICOs) had made it easier for bitcoins to reach $ 20,000.
Since then, after a massive market crash in 2018, Bitcoin has crossed $ 12,500 only twice, in June and July 2019; This is while in both times it was accompanied by correction and fall and failed to continue its upward trend.
Today, Bitcoin is trying for the third time to overcome the resistance in this area. But this time he uses the help of People News, and this can accelerate further leaps.
The price of Bitcoin has almost tripled (275%) compared to Black Thursday (March fall) and reached the price level of $ 4644. At the time, the corona virus was the main cause of the crash.
According to many analysts, the current jump is different from other jumps in Bitcoin's 11-year history.
The jumps in 2017 and 2019 were mainly quota, but the jump that started in March had less fluctuations and was easier to predict than the quota jumps of previous years. This can be considered a natural behavior and it has been claimed that fewer investors and traders have entered the market relying on existing news and speculations. It should be remembered that such news has a short-term effect on prices. The recent mutation has a much healthier growth pattern than previous specimens. Of course, many do not accept this approach.
In fact, investors have accepted the news of People more calmly, and it is not a matter of feelings! The Bitcoin Fear and Greed Index shows that investors are in a "neutral" or "slightly bullish" position.
If the current trend continues, it will not be long before the price of Bitcoin reaches a new historical peak.
