Bitcoin More Pumps Incoming
Bitcoin has been in solid uptrend forming a bullish ascending triangle pattern.
If you can see in the chart, you will see a huge stop at the support of 67,800.
It tried to break down this level many times, but it couldn't because bulls are more at power right now.
There are more BTC pumps incoming because it has some reasons.
One of the main reason is Blackrock that is continuously buying.
After the winning of Donald Trump, they are now more confident and are more buying because they think it is the safe investment option.
Also another reason Bitcoin pump is coming will be that United States government will start buying Bitcoin very soon.
They want to make Bitcoin a great reserve which will surely help the price of Bitcoin rise.
Many people may be thinking about altcoins, whether they will reach their all time high or not.
According to my guess, there's possibility that altcoins never meet their all time high except few of them.
Because now the investing trend has changed and people are now favoring Bitcoin among the safest investments.
That is why Bitcoin is the only coin which is rising in price, while all other crypto coins are near to its all time lows.
I hope this post will be informative.
THANK YOU!
