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Bitcoin (BTC), Halfway between USD 10,000 and USD 20,000


The 15,000 USD, here we are: Bitcoin (BTC) has come a long way since it broke the 10,000 USD mark at the end of July 2020, and no longer closes below it.

Today, November 5, 2020, is a classic example of the classic formula: the misfortune of the dollar makes Bitcoin happy.


Halfway between 10,000 USD and 20,000 USD

Bitcoin surpassed $15,174 USD today on Bitstamp, its highest since January 9, 2018.

The BTC, equities and gold are taking advantage of the greenback's weakness to make a bullish rally. The Dollar lost more than 0.88 points.

Bitcoin has now spent more than 100 days above $10,000 and continues its race to a new ATH.

It is trading above $14,970 at the time of writing. The BTC could close today's day with a daily gain between $900 and $1,000.

The next few days will determine if there is really little resistance to a new ATH once the BTC crosses the $14,500 line, as some analysts suggest.


We know the loser and the winner

The bulls continue to gain strength as they graze the greenback which is gradually devaluing.

Regardless of who wins this controversial U.S. presidential election, Joe Biden or Donald Trump should soon be spinning the billboard with the planned second wave of gift certificate distribution to Americans.

The inflation of the dollar over the medium and long term will largely benefit a Bitcoin that seems to have started a bull run since October 2020.

The BTC's 5-day average is now at the level of USD 14,100. How high will the daily ROI(14) go, which currently stands at 82?

Ballots continue to be counted. The dollar counts the points it loses, the bitcoiners calculate the profit they are making on the back of the greenback. From the disunited United States, dollar inflation is expected to increase: ingredients for a potion that should give "superhuman" strength to the bulls. The 16,500 USD - 17,000 USD are not far away, the 20,000 USD are more than ever possible for this month of November 2020. Investors will take refuge en masse behind the BTC if chaos reigns in the land of Uncle Sam.

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