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Bitcoin Breaks Above $30000 What May Lay Ahead For It In 2021(AD)

Bitcoin Breaks Above $30000 What May Lay Ahead For It In 2021

As of Jan 2nd 2021, Bitcoin, the largest cryptocurrency by market cap, finally broke through $30,000, creating a fresh all-time high. The year 2020 has been a tough one as it witnessed many momentous events such as the COVID-19 pandemic, the mandatory break in US stocks, a downward price trend in the US dollar. In such a special year, the most traded digital asset has increasingly seen interests from people across the world, and the public perception of it is also changing. This round of bullish market is mainly fueled by institutions that allocate their funds to Bitcoin. Moreover, the world's financial payment giants are now accelerating the deployment of cryptocurrencies and offering related services, which is quite different from that in the past. Bitcoin has set a series of records within several months after the halving in May 2020. Based on the first two halvings, the price reaching new heights flashes a clear signal that upward momentum is on the way, followed by the gradual pullback and adjustment at a higher price range, waiting for the next opportunity. Certainly, no one can make an accurate prediction of the market trend. Bitcoin, from a fundamental perspective, may keep an upward trend with greater probability for the year of 2021. As you can see, the pandemic is slowing recovery in the world economy, which may send this safe-haven asset to a higher level amid the positive crypto market. As the market is gradually maturing, Bitcoin in 2021 may see a steady rising trend along with fluctuations similar to that in the second half of 2020. Nonetheless, there is still a greater likelihood of remarkable ups and downs if the price records new peaks in 2021. After all, institutions are far more powerful than ordinary investors. We'd like to kindly remind you to keep a close watch on the risk control. Huobi Global is a digital asset exchange with global competence and influence, providing a professional trading platform for various digital assets. Huobi's 7 years of risk control experience is also leveraged to ensure the security and reliability of the exchange. 【Download】 https://m.huobi.be/en-us/download/ 【Official Website】 https://www.huobi.be/en-us/ 【Verification Channel】 https://www.huobi.be/en-us/verification/ 【Security column】 https://support.hbfile.net/hc/en-us/sections/360000070001 【Official Customer Service Email】 support@huobigroup.com Huobi Global Jan.2 2021

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