Bitcoin's price in Thursday's trading achieved a big jump, by 3.3% at 14,463 Dollar, to reach the most popular cryptocurrency to its highest level since January 2018.
According to Al Arabiya, observers report that Bitcoin has gained popularity in cases of uncertainty, so Current events such as the lockdown across Europe, or the delay in the results of the US elections, could fuel its rise.
According to Bloomberg, the digital currency has benefited from the direction of high-profile global investment companies. With the purchase, such as Square Inc. and Paul Tudor Jones, as well as JPMorgan Chase & Co. for the first time using the digital currency to pay off one of their operations.
Rob Slomier, technical analyst at Fundstrat Global Advisors, believes the next resistance level will be At $ 20,000, after breaking its June 2019 highs of $ 13,800.
In this context, Bloomberg Intelligence Commodity Strategist Mike McGlone said: Ex-Bitcoin resistance of $ 10,000 moves towards $ 20,000 in 2021.
It is worth noting that the cryptocurrency has attracted institutional investments by American financial services companies Like Square and Paul Tudor Jone, and in addition, JPMorgan Chase Bank used JPM Coin to make a payment for the first time.
