Battle for the summit: bitcoin rebounded after trying to overcome its all-time high, exceeding $19 860

Bitcoin today peaks in three years, exceeding $19 860 on most exchanges, but has not yet been able to overcome the historical maximum 2017 of the year.

In the evening 30 November 2020 of the year, bitcoin again went to the assault on the coveted $ 20 level 000, which came closest to 18 November 2017 of the year. Then the price range was significantly higher, and on different exchanges and aggregators the maximums differed - from $19 666 to a short -term puncture of the "round" figure $20 000. Therefore, today many media joy have joyfully announced overcoming the historical maximum.

In fact, the time for gleeing "Hodler" has not yet come. Reaching $ 19,840 - $ 19,870 on different exchanges, Bitcoin could not hold the bar and decreased by $ 19 000, but then grew up again. Price fluctuations near the historical maximum continue. Despite the next rebound, "Bulls" are unlikely to retreat, And after a small respite, they will again begin to push the price up.

Bull Rally Bitcoin began in August after, As it became known about large investments of the analytical company Microstrategy, and then several more companies. This helped the first cryptocurrency to return to the last peaks.

Analyst Quantum Economics Jason Religion (Jason Deane) said, that large companies, buying bitcoins, with a high probability they will store them in the long run, and not return to the exchange depending on the course of the course. His assumptions are confirmed by the words of Microstrategy Director General Michael Salor (Michael Saylor), who believes, that bitcoin is the best means to preserve values.

In October 2020 For example, Microstrategy was followed by Square, belonging to the founder of Twitter Jack Dorsie (Jack Dorsey). Square bought 4709 BTC for the amount $50 million, After which the course of this crypto acting rose to $10 935. Later, the PayPal payment giant entered the cryptocurrency arena, announced the addition of support for cryptocurrencies for American users, And next year - and from other countries. maybe, Bitcoin's rapid rise was influenced by further statements of the leaders of large companies, commenting investments in this cryptoactive, as well as the opinions of cryptocurrency enthusiasts.

American billionaire Stanley Drandmiller (Stanley Printmiller) And he thinks at all, that investment in bitcoin is much more profitable than investments in gold. A week ago, IT director of the BlackRock investment company Rick Rick (Rick wheels) He also said, that bitcoin is a reliable mechanism, capable of replacing gold. Against the background of such positive statements and assumptions, In mid -November, the Bitcoin course exceeded $17 000 and renewed the maximum for 35 months.

According to Binance Research experts, There are several more factors, which can explain the growth of the bitcoin course. Primarily, Many investors consider bitcoin as inflation protection. Considering, that governments of different countries continue to print money during the crisis and pandemia, the cost of even the hardest fiat currencies falls. No wonder, that people begin to perceive bitcoin as a "protective asset". Strengthening control by regulatory bodies and the development of the futures market have become another factor, contributing to the growth of bitcoin.

Today's cryptocurrency market is significantly different from that, that was in 2017 year. Over the past three years, the number of companies has increased, complying the strict requirements of the regulators and have received a license to carry out brokerage activities. This greatly simplified the access of companies to cryptocurrencies. You can say, that now bitcoin is on an “unknown territory” and it is impossible to predict, what awaits him ahead, If he breaks through the “treasured figure” $20 000.