Bitcoin peaks at record high close to $20,000

Bitcoin has traded at its highest value to date, reaching $19,920.53 (£14,821) according to data-provider Coindesk.

It took the virtual currency nearly three years to top its previous record, when it peaked about $137 lower.

Bitcoin has risen in value by more than 170% since the start of the year.

Analysts suggest some investors have treated it as a "safe haven asset" at a time of uncertainty caused by the coronavirus pandemic, but others warn that it remains volatile.

Bitcoin fell below $3,300 at one point after reaching its previous high.
'Feels different'

Other factors that have supported its recent rise include PayPal allowing its platform to be used to buy and sell the virtual coins in October, and a number of large institutional investors declaring interest in buying into funds tied to the crypto-currency.

These include Guggenheim Partners, a Wall Street firm that announced on Friday it might put as much as $530m into a Bitcoin-related investment trust.

"It seems that barely a day goes past when we don't read a headline about a mainstream fund or company expressing an intention to put some of their holdings into Bitcoin," said Rhian Lewis, author of The Cryptocurrency Revolution.
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Source: https://www.bbc.com/news/technology-55145444

We shouldn't pick Fulham for relegation now, there are a lot of matches to be played, clubs like Crystal palace, Brighton, Fulham, West Brom, Burnsley and Sheffield United will all fight  relegation battle, Leicester always disappoint their fans when you expect them to play well they will fumble, I believed the absence of their workaholic midfielder Wilfred Ndidi as you rightly said  been felt by the team except they buy quality players in January else they will continue to struggle in the league.

The resistance at $20k is holding the price strongly however with all the positive fundamental news surrounding bitcoin in the last couple of the days will be the catalyst that will break that resistance hopefully today, the price had been touching that zone presently of course a breakout is very imminent meanwhile events leading to this present upsurge in the price of bitcoin is obvious different from that of ATH in 2017 thus from all indications the price of bitcoin come 2021 will definitely more than the lat ATH.

The price is almost touching $20K between now and tomorrow the price will reach that price market however that does not mean the price will stay above $20K before the end of this year. Christmas is fast approaching there is a possibility of  a temporary pullback due to some hodlers selling some of their BTC to Fiat for buying of gifts and stuffs during the yelutide period however come 2021 BTC will resume it upsurge and bullish runs.

The present crops of arsenal attacking midfielders lack creative they needed a player like ozil that can open up opponent defence lines and make the final pass for their striker to score goals, this is lacking in the present squad, Arteta should accept the bitter truth and include ozil into the squad, Ceballos, Willock e.t.c aren't good enough to create chances, the final third is Arsenal problem that needed to be address else Abumeyang will continue to fire blank while the team will continue on their losing streaks in fact their next match is a London derby against bitter rival totenham.

Some of them who knew Bitcoin in the era of moribound popular Ponzi scheme MMM were disappointed when the scheme turned scam thus had a bitter experience about it and never bothered to acquire more knowledge on it, however it has been a difficult task to inform newbies because of bad reputations of Bitcoin by MMM investors, meanwhile there are a lot of internet users who had not enquire about Bitcoin thus there is need for rigorous public enlightenment to teach people on the benefits of Bitcoin this is can be achieved by a collective efforts of crypto enthusiast in our respective communities.

As a trader you can make profits irrespective of the market sentiments whether bullish or bearish although the OP is emphasing on the present bullish runs of the market a trader shouldn't just enter a trade blindly having some knowledge in charting and candlestick patterns enables such a trader to enter the market at an appropriate entry point.
 Example the recent pullback of BTC/USD to a support zone at $16400, this should have been buying at low or dip, meanwhile at present the price had resumed it bullish run after rejected at that support zone.

Covid-19 had directly or indirectly affect Bitcoin positively, I believed in these period of lockdown many people took their time to learn and seek more information about Bitcoin probably put it into use by embarking on online transactions by paying for goods or services, thus receiving massive online presence during the pandemic and in the aftermath of dump in it price during the first wave in March, prompting lockdowns that was imposed in many countries Bitcoin recovered remarkably and it growing stronger in leap and bound.

Its quite difficult to make clear and convince old people who might want to receive some money from their ward based in abroad via Bitcoin having been used to the regular Western Union or other traditional means.
How to you convince them that its also compulsory to exchange the Bitcoin to Fiat in their local currency after receipt? they might be suspicious of Bitcoin being a scam this are salient issues that had to be resolved to trigger mass adoption of Bitcoin by unknowledgeable people else Bitcoin adoption will continue to suffer setbacks.
Practical teaching to those who have never use it before is very necessary in way to entice them into it.

Injury to key players like Virgil van Dijk, Thiago Alcantara, Trent Alexander-Arnold,  keita , Joe Gomez and  James Milner is too much to bear and a major setback to Liverpool I believe they will continue to struggle in EPL with the present Calibres of players in their squad although  their forwarders are injury-free but their defenders was hard-hit with injuries thus they will likely concedes many goals in their upcoming fixtures.

The weekly chart attested to the fact that this week is price correction week a bearish candle was formed which had already started indicating a rejection at the support around $16K+ zone I believed between now and next week the correction will likely end and the bullish run could resume how long the correction is going to span and when its going to end is absolutely unpredictable we can only analyze, predict and do a calculated guessing to speculate the price, however I believed the price will reached $20K before the end of this year.

Honestly the match is dicey the win can go either way I don't know why boomakers choose Chelsea ahead of tottenham despite their sparkling form in the league, they had an outstanding performance in Europa on Thursday beating Ludogorets 4 nill although Chelsea playing at Stanford bridge seems to be one the factor considered  be the favorite but I disagreed with that and also the host parading players like Werner, Havertz, Hakim Ziyech e.t.c Mourinho tactical abilities will be deployed to stop those players just like what he did to Bruyne when they played Man City.

In addition to this post the bankrupted and outdated popular ponzi scheme MMM once used bitcoin as a means of deposit and payment unfortunately when the scheme collapsed alot of people opinionated that the scheme and bitcoin are related and used to scam investors thus lack of knowledge about bitcoin discouraged many intending investors in investing in it. its quite very challenging to convince and change the mindset of such investors because of the bad impressions and experiences they encountered while involving in MMM.

Taking a look at BTC/USD daily time frame will attest to the fact that this is a minor or major correction that had been unfolding, weekly chart also reinforces this fact, price corrections had occurred times without numbers and this not going to be the first neither the last, I don't see any big deal in this plunge Price Action is just playing out there thus there is no cause for alarm or creating unnecessary FUD and I believed this correction will not be a replica of that of 2017 based on the fact that market conditions then and now differs a lot meanwhile experience traders must have capitalized on the price pullbacks and earn profits consistently.

My perception about gambling money is that it is just a free money expended on pleasure and other things that satisfy my desires nothing else obviously money earned from gambling is not that much for investment purposes because I gambled with the amount of money I can afford to lose such that I am not expecting a huge returns from gambling I am earning some little bucks to socialize and enjoy myself with it.
I also avoided being a gambling addict in a bid to earn big and embark on investment purpose from the earnings because I know the consequences of  taking such action after reading many touching stories of gambling addicts who became bankrupt or even committed suicide.

Its obvious that the cost of electricity in setting up and maintaining those mining ring is high while advancement in technology is rendering most of these mining rigs obsolete, you made up your mind in selling them off at the right when altcoins had began to be worthy of investing on, I believed you will recoup your investment within the shortest period of time, I also believe other miners will follow-suit your decision based on the fact that crypto mining is becoming capital intensive and very competitive.

Most people in those countries have a trust in bitcoin as a digital currency compared to the others digital curencies I believed majority of these people has gotten some insight about bitcoin and the ranges of values obtained from hodling and using is quite numerous compared with PayPal and the rest.
USDT is not a currency that can be obtain easily and does not have online feature like bitcoin were a hodler can have an easy access to it and possibly to do online transaction, Zimbabwean had resorted to the use of bitcoin as an alternative to USDT having been subjected to harsh economy inflation due to sanctions imposed on them by foreign countries.

In the reversed fixture Liverpool thrashed them 5-0 I was expecting an outright win for Liverpool unfortunately they flopped and played badly parading some youngstars while resting key players is not a justification to playing badly in anfield in game of such magnitude UCL to make matter worst the host couldn't register any shot on goal is  beyond my imagination this really shows that they are very poor against Atalanta yesterday.

The thing that baffled me was that some hodler who had made 10X profit refuse to sell due to greediness until when the massive dumping occurred thus they lamented and tagged cryptos with all sort of names, honestly the price of cryptos is unpredictable I remembered vividly during the last ATH speculations was going round that the cryptosphere that bitcoin will reach $50K many believed unfortunately the bear took over the market and and the rest is history, I believe many hodlers had learnt some lessons.

1.  Both forex and crypto account opening are similar although majority of forex brokers requires mandatory KYC except some few ones who had adopted deposits with cryptos and may not demand a KYC I am presently using one of those brokers.

 2.  Forex has big players and market makers like commercial banks, hedge managers e.t.c  they do manipulate the market even though there is market liquidity.

3.  I belief crypto is much easier compare with forex and stock market in crypto once the overall trend is bullish a trader will capitalize on any pullback and enter the market thus earning huge profits just like the current bullish trend of BTC/USD.