Bitcoin has broken through $20,000 and is trading above $20,500 on PrimeBit. What’s your move?
That’s an all-time record, higher than $19.783 from December 18, 2017, and higher than the record set two weeks ago at $19.835.
Where do we go next?
Fiat currency devaluation across all the major economies in the world is the key fundamental incentive for the growth of cryptocurrency markets. Governments are spending trillions in response to the downturn caused by the pandemic and lockdowns. The traditional monetary system is overstretched.
The USD is expected to depreciate by 5% over 2021.
For PrimeBit traders, the key question now is whether the chart above forms a double bottom or double top pattern. The next hour should show. Time to trade crypto!