Harumi on Bitcoin Price Trends as $20K Looms Again
Rachel McIntosh of the Finance Magnates interviewed Harumi Urata-Thompson among other cryptocurrency experts on the bitcoin’s potential to break the $20,000 price threshold. In particular the news analysis focused on what’s different in the environment for bitcoin in 2020 from that of 2017.
Key themes on what’s different include:
This Time, Bitcoin’s Price Rally Is More Stable and Seems to Be Driven by Larger Players
Growing Institutional Interest Is Feeding Bitcoin’s Rally
But, as Harumi described it,
“whenever the market had some peak and came down the way Bitcoin did in 2017, it does create a psychological (and physical, as there will be a lot of sell orders that will be placed around that level) top that will take a bit more than a few buys to breakthrough.”
Read the full article with further details here.