In the post that I published yesterday I was discussing the wonderful sight at Bitcoin hitting a new ATH of $77,317. I was also drawing parallels with the US presidential election cycles of 2016 and 2020 and their influence on Bitcoin performance. The main conclusion was that once we know which candidate is the new president of the USA Bitcoin starts to rally, and it didn't disappoint with this election.
Bitcoin is clearly continuing an uptrend and it's wonderful to see Bitcoin breakout today and hit another new ATH of $80,000, truly amazing to see how bullish Bitcoin is right now.
What we are also seeing is that Bitcoin dominance is reaching levels where investment will hopefully soon start to turn its focus on alt coins.
Interestingly Coinbase reports that it has seen a surge of crypto transactions from US based traders on its exchange. Perhaps this is why Coinbase recorded Bitcoin hitting the $80k threshold but CoinMarketCap saw Bitcoin hit $79,969 then pull back.
Fortunately other exchanges and price analysts also recorded Bitcoin surpassing the $80,000 mark and the community seems to agree Bitcoin's new ATH is just over $80,000 - absolutely amazing news.
So what's Bitcoin up to now? Where's she going next? Again parallels at this stage of the cycle from 2016 and 2020 would suggest a continuing uptrend. We are now six months on from the halving. The US election is out the way. We even have the most pro-crypto US president in history soon to be running the show. The indicators continue to look very healthy. Come Bitcoin keep doing what you're doing!
Peace!
The bull run came in full force mate😂😂✨
Ha ha! Yes she's doing alright, let's hope we can hit $100k.