Bitcoin at a Brand New All-Time-High. Where are we going next?

Bitcoin at a Brand New All-Time-High. Where are we going next?

By MikeZillo | Trading with Mike Zillo | 19 Dec 2020


We broke the past all time high and we also breached the 22k$ area.

Well, for us all, entered at the time of 4k$ it has been a great profit. I have to be honest. I already sold something in 15k$ area: I did not expect such an elongation and such a bull run despite the USA elections and the American markets that are not so healthy. They are pumped, not healthy and they call to my memory body-builders eating all rubbish to get the muscular tone at the correct competition level.

Where are we heading next?

Well, volumes in this area are really low and patterns are weak and almost useless. Volumes are keep entering the BTC markets and new institutional players have already entered in the OTC markets.

bitcoin

We are not even close to the highest limit reached between 2017 and 2018.

bnitcoin

The total crypto-market capitalization is getting closer to the previous ATH and despite higher volumes if compared to 2017-2018 bubble, Total capitalization is still beneath the previous ATH.

Why is that?

Many projects have been died and many projects were born but the most important thing is that more and more volumes have entered the Major-Coins-Market, making it more difficult for the price to rise and with Bitcoin breaking the previous maximum, not the same volume level reached Secondary Major Coins.

What does this mean?

We are in FOMO, more focused on Bitcoin and I feel in the coming days we are going to see a huge drop.

Only future will tell us what the reality will really be, but I would be sceptical in buying in this moment.

In this video I posted an alternative earning way for Bitcoin, that is Mining, with the first of a series of videos I am going to produce onto our mining farm.

https://www.youtube.com/watch?v=DpLbHie7fn4

Stay tuned for more updates and if you are interested in having more technical and financial information on mining, leave a comment here below.

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ?


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