To the moon! Bitcoin moves to a new session. Nearly reaches a $22,000

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Bitcoin to the moon

The price of bitcoin

Bitcoin

Bitcoin is the world’s largest and the first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it operates without a central bank or a single administrator. Rather, Bitcoin instead can be sent through peer-to-peer (P2P) networks, which itself is absent from any intermediaries. Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received through a type of distributed. ledger n

Bitcoin is the world’s largest and the first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it operates without a central bank or a single administrator. Rather, Bitcoin instead can be sent through peer-to-peer (P2P) networks, which itself is absent from any intermediaries. Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received through a type of distributed. ledger n
Read this Term just extended to an intraday high of $21,995 just short of the natural resistance at 22,000.

Looking at the daily chart, the price moved above Wednesday’s high at $21,646 it also extended above the November high which was at $21,473. Those levels will be near risk levels now. Staying on top is the best case scenario for the buyers.

The next target is at the $22,000 level. A move above that level and the next major target comes against the September high at $22,781.

The last 4 months have seen the price trade between $15,479 and $22,781. On January 13, the price moved above its 200-day moving average for the first time since the end of December 2021. Bullish.

There is certainly plenty of room to roam. The question is does the market have the speculative players it once had, given all the negative headlines, and the sharp declines from the 2021 high near $69000? Burn me once, shame on you. Burn me twice, shame on me.

However, from the end of the year 2022, the price is now rising by 32.77%. There’s nothing like FOMO to bring the players back to the table.

To the moon!

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