Another Record From Bitcoin on December 31!
Another record from Bitcoin on December 31! The leading crypto currency Bitcoin (BTC) has added a new one to its records, exceeding $ 29,000.
Bitcoin (BTC), the leader of the
cryptocurrency world, surpassed the $ 29,000 level a day before the end of the year. Bitcoin (BTC), which continues to give hope to the cryptocurrency market with its outstanding performance recently, has recorded a 50 percent value gain since the beginning of December.
The last month of the year was filled with ATH for the leading cryptocurrency. Bitcoin (BTC), which has appreciated by 50 percent since December 1, recorded its best monthly performance compared to last year. According to data from CoinGecko, Bitcoin (BTC) has surpassed the $ 29,000 in the last 24 hours and reached $ 29,285.
Bitcoin (BTC), whose market value exceeded $ 539 billion, recorded a transaction volume of $ 42 billion in the last 24 hours. Most of these transactions were made on
Binance, the world's leading cryptocurrency exchange. At the time of writing, 1 Bitcoin (BTC) traded at $ 28,862.70.
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BTC December 1-31 Outlook Source: CoinGecko[/caption]
What are the New Goals in Bitcoin?
Crypto analyst Denis Vinokourov spoke to Coindesk. The analyst stated that he believes that the Bitcoin price could exceed $ 30,000 as we enter the new year. For the realization of the target in question, Vinokourov stated that the expected flow from the retail side to Bitcoin should be seen.
Fundstrat strategist David Grider also commented on the issue. Stating that the rise seen in Bitcoin is the result of the increase in retail investments with support packages as well as institutional investments, analyst stated that the Bitcoin price could see $ 40,000 in 6-12 months. The analyst expressed the situation with the following:
“There are sufficient conditions for the seen bull run to continue next year. In the current situation, I continue to be bullish and I am increasing my Bitcoin price target from $ 25k to $ 40k.”
On the other hand, Grider warned that some investors may slow down the current rally or change the direction of the trend to make a profit. In addition, the analyst listed regulation or the introduction of new cryptocurrencies among the factors that could adversely affect the Bitcoin price. Grider continued as follows:
“I do not think such negativities will affect Bitcoin in the long run, but if such events occur, market sensitivity and prices may be affected.”