btc rose 4.39% to the untouched closing price for 33 months(10/28)

jhdklk853 (75)in #btc • 4 years ago (edited)

Bitcoin, which started at $13,069 yesterday (10/27 00:00, UTC+0), hit a low of $13,069, peaked at $13,801, and closed at $13,643 (10/27 24:00, UTC+0). Bitcoin moved sideways with a small trading volume after the start of the day, and then started to rise from 10:30, climbed to a peak of $13801 at 23:00 with a large trading volume, and then closed at $13643, a 4.39% increase. Bitcoin, which started its rise with a dominance increase before the NASDAQ rose, was close to the highest price of $13,920 in June 19, with a larger trading volume than Monday.

According to the Bitcoin daily chart, January 13, 2018 was the last day that the closing price was higher than yesterday's closing price of $13643. What this means is that the price of bitcoin has risen to the closing price of about 33 months ago, which means that there is no resistance line on the daily chart.

However, from the opposite side, the RSI on the 12h/1d/3d/1w chart is currently recording 82/82/77/72 respectively, which is close to the overheating stage, and the RSI declines divergence is shown. It is possible to expect a correction of more than 10% and that the unstable US situation and bad news such as Covid 19 may act as a material for the decline after the US election next week. If there is a big correction, I think that the remaining six days before the US presidential election will rise to around $15,000 with a larger buy-in volume than on Wednesday of last week and then receive an adjustment.

There is a favorable news for crypto market. MicroStrategy's bitcoin investment return, which has bought 38250 btc since August, has exceeded $100 million, which is said to be the sum of the company's operating profit for the last three years.
I talked about the company's share price a few days ago, and I wonder what other big companies looking at this company might be thinking. In the current global COVID-19 situation, what business can generate $100 million in operating profit.

So, where will Bitcoin go? To the moon?