Can Bitcoin (BTC) price hit fresh record highs in December?

invezz.com
3 min read
fairly difficult
Bitcoin (BTC) price rose to the highest mark in nearly three years on Wednesday before correcting lower on Thanksgiving to erase previously weekly gains. Fundamental analysis: New record highs eyed Crypto investors witnessed a strong move higher in Bitcoin price thanks to being perceived as a safe-haven against inflation and driven by expectations of mainstream adoption. The world's biggest cryptocurrency advanced around 150% year-to-date and is up around 360% from its March levels after the coronavirus outbreak. "Driven by a mix of market structure and strong fundamentals, bitcoin could now be within days of reaching its all-time high," said Nicholas
Bitcoin (BTC) price rose to the highest mark in nearly three years on Wednesday before correcting lower on Thanksgiving to erase previously weekly gains.

Fundamental analysis: New record highs eyed

Crypto investors witnessed a strong move higher in Bitcoin price thanks to being perceived as a safe-haven against inflation and driven by expectations of mainstream adoption.

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The world's biggest cryptocurrency advanced around 150% year-to-date and is up around 360% from its March levels after the coronavirus outbreak.

"Driven by a mix of market structure and strong fundamentals, bitcoin could now be within days of reaching its all-time high," said Nicholas Pelecanos, chief of trading at NEM.

"Underlying this bullish price action is the…
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