Bitcoin Price Prediction as BTC Blasts Past $20,000 – Time to Buy?
During the European session, Bitcoin remains bullish, having gained over 5% in the last 24 hours to trade at $20,475 per coin. In the last 24 hours, the total value of all cryptocurrencies has increased by $66 billion, or +7%, to $994.06 billion. As a result, the rest of the cryptocurrency market rose, with many large capitalizations seeing double-digit gains. A slew of fundamentals are keeping Bitcoin bullish, can we expect BTC to rise further, and is now a good time to buy? Let's find out. An Uptrend in US Stock Market to Keep BTC Supported Stock indexes in the United States rose, extending a market rally that had already pushed the Dow Jones Industrial Average to a six-week high. US Treasury rates fell as a result of dismal consumer confidence data and rising concerns about the cost of living, allowing US stocks to rise for the third day in a row. S&P500 Price Chart - Source: Tradingview The Nasdaq Composite rose over 246 points, or 2.3%, to $11,199, whi...