Friday, November 6, 2020

Bitcoin Closes Nearly $ 20,000, Ether Boasts 210% Throughout 2020

 The price of Bitcoin (BTC) continued to rise, surpassing the $ 15,000 level last night, making it the record high for January 2018.

At the time of writing, the value of bitcoin is at a higher level of $ 15,885. This means BTC needs a jump of at least 30% to reach all-time high (ATH) at $ 20,000.

The Bitcoin surge proves that the asset has managed to cross the $ 15,000 psychological threshold at positive momentum, thus overcoming obstacles from 2019.

However, analysts assume momentum is likely to decline, leading to a drop in prices as well. If you look at the overbought / oversold perspective that supports consolidation for several weeks, there are signs of short-term upside exhaustion.

Here are some tips from Morgan Creek Digital Assets co-founder Anthony Pompliano for those who invest in Bitcoin:

  • BTC prices are prone to rapid volatility.
  • You can lose all your money - especially if you do margin trading.
  • Chatting on social media like on Twitter is just an analysis. Do not take investment instructions.
  • Do not buy BTC by way of debt. Invest only surplus money.
  • Be patient, do not rush. Take your time.
  • Always do your own research.
  • Not to be outdone Ether (ETH) also brought good news, traded around $ 414 and jumped 3.4% in 24 hours at 5 this morning.

Currently the value of ether is already at a higher level of $ 438.

Although Bitcoin is a major topic when the global economy is unstable, it must be acknowledged that the performance of Ether assets is actually much better than bitcoin in 2020, rising 210% higher than the bitcoin surge of 95%.

Coupled with the presence of ETH 2.0 soon, from an investment perspective it will be a result that has a wider appeal.

Other assets also recorded a surge; stellar (XLM) + 10.50%, XRP + 5.77%, Chainlink (LINK) + 9.28%.