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Bitcoin gained 9.2% in the shadow of uncertainty and pandemic fears in the US election, hitting its highest level since January 2018 and hitting the $ 15,301 level. It is claimed that Bitcoin can be used to diversify portfolios in times of uncertainty, so that it can support the rise of events such as quarantines in Europe or delayed US election results.
Fundstrat Global Advisors LLC technical strategist Rob Sluymer said in a statement released last month that after hitting the June 2019 high of $ 13,800, the next resistance is around $ 20,000.
While many strategists and investors are skeptical of the cryptocurrency world as it is known for its volatility and Bitcoin was watching parabolic movements before major declines, especially in mid-December 2017 and mid-2019, some analysts still believe that the rise of cryptocurrency is ready to continue. .
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