Bitcoin News

Bitcoin Surpassed $12k Mark After Major Resistance

Bitcoin Price

Bitcoin continues to surge ever since breaking the $10k mark. Bitcoin has now also broken the $11,600 to $11,900 resistance to cross the $12k mark.

Incidentally, this growth marks, the 13-month high for Bitcoin. There has been a lot of prediction for Bitcoin in the recent times with the most prominent one coming from Max Keiser. The Bitcoin maximalist had predicted that BTC will go all the way to hit $28k mark. He made the claims months back and had also added that the king crypto will not see any sort of resistance around the $20k channel.

Furthermore, the value of Bitcoin has now been predicted to surpass Gold in years to come. Earlier, Bitcoin and Tesla were joint most viewed assets in America, according to Trading View. Tesla was the most viewed stock in 31 states. Bitcoin was not far behind. Since the start of the year, Tesla’s stock has almost tripled in price. Meanwhile Bitcoin is up 60% year-to-date.

The South East favors Forex and the West Coast states of California, Washington, and Oregon lean toward Bitcoin . The west coast loves crypto the most, according to the official data released by Trading View.

Furthermore, trading view also mentioned, the airline industry, arguably being hardest hit by Covid-19. Stocks in this sector, including Boeing and American Airlines, saw favor among investors between March and June; Boeing was the third most viewed stock and American Airlines the 10th. It’s clear that the global pandemic brought increased volatility to the airlines sector and with that came additional interest from traders and investors.

Meanwhile, Apple is nearing a $2 trillion market cap, it’s up 53% year-to-date, and traders and investors still aren’t paying that much attention. For now, the data clearly shows that Tesla and Bitcoin are the two assets everyone is looking at most often. As the data changes, we’ll update you the best we can in research reports like this.

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