New bitcoin purchases are becoming more common,
and many institutions are either coming or going to buy bitcoins.
The result is that now the cow phase is dominant and the whales do not dare to drop their coins in the market, because they are bought immediately.
The price of Bitcoin is currently trading in the range of 16,100 as well
Some say that this price is not reasonable and this sudden increase is due to the US election atmosphere and the news of the Corona virus vaccine.
My opinion is that it is true that many organizations are interested in buying bitcoins. But do not forget that bitcoins are in the election atmosphere and the news of making the corona virus vaccine.
So the best way is to wait and avoid making emotional decisions.