Bitcoin Breakes Record After Record!

Bitcoin Breakes Record After Record! Bitcoin breakes record after record! Bitcoin (BTC), the leader of the cryptocurrency world, broke a new record today. Bitcoin (BTC), which broke the record by breaking the resistance of $ 24,500 yesterday, surpassed $ 27,000, surprised its investors who were talking about $ 25,000. Bitcoin price surpassed the $ 27,000 level with an increase of 6.62 percent 12 hours after the $ 26,000 level. With this price, Bitcoin has increased its dominance in the cryptocurrency world to 70 percent for the first time since 2017. The dominance of corporate giants such as MicroStrategy, which transformed its $ 1.3 billion assets into Bitcoin, and PayPal's launch of Bitcoin trading services for more than 26 million customers played a major role in the rise of leading crypto. In the cryptocurrency market, it is said that institutional investors determine the process. An example is Anthony Scaramucci's Skybridge Capital ($ 25 million in December); MassMutual ($ 100 million in December); and the Guggenheim (10% of the $ 5 billion macro fund). Another idea is that as the year is nearing the end, some fund managers may be buying Bitcoins to give the impression that they will enter the cryptocurrency when the price is lower. Crypto analyst and head of Kraken Business Development Dan Held, who made an assessment on the subject, stated that this rise is not a "bull cycle"; says it is a "super cycle" of Bitcoin. Dan bases his argument on different macro factors, the global economic scenario, and the quantitative easing measures of central banks. PlanB, the creator of the Stock Flow (S2F) model, states that BTC has already exceeded the model value of S2F. So much so, PlanB predicts that by the end of 2021, Bitcoin will see $ 100.00. In the latter case, the predictions of the Bitcoin bulls also diverge. Peter McCormack says we will never see Bitcoin under $ 25,000 again, while analyst "Bitcoin Jack" points out that current levels could develop a potential tipping, which could lead to a heavy correction.