NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Almost Taps $28,000 in Continued Holiday Rally

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has continued to erupt higher, even as certain traders have asserted that the market is clearly overbought. As can be seen in the chart below, BTC recently moved toward $28,000. While it did not manage to tap that level, it peaked at $27,900 on top exchanges.

Bitcoin currently trades for $22,700 as buying pressure has temporarily paused.

There are some that think that BTC could target $30,000 in the near term as the trend remains positive and as institutional players continue to flood into space.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Ready to Move Even Higher?

Travis Kling, the founder of Ikigai, says that Bitcoin could move even higher due to the lack of institutional exposure to this space. While there have been billions siphoned into BTC over recent months by institutional players, most still have little exposure to the space and may seek to gain exposure as the price continues moving higher with little sell-side liquidity:

“It’s rapidly becoming clear that the pain trade in #Bitcoin is much higher. It’s apparent that institutions are coming in w/ big checks. Much of that capital still has to “get through docs” and “investment committee”. They thought they’d buy $20k. They’ll be lucky to buy $30.”

It's rapidly becoming clear that the pain trade in #Bitcoin is much higher.

It's apparent that institutions are coming in w/ big checks. Much of that capital still has to "get through docs" and "investment committee".

They thought they'd buy $20k. They'll be lucky to buy $30.

— Travis Kling (@Travis_Kling) December 26, 2020

Many others in the space have shared a similar opinion.

At this point, where Bitcoin is in price discovery with no known support or resistance levels, those that want exposure to the space may opt to buy the cryptocurrency now in expectations they can flip it months down the line for much more, even barring a short-term sell off.

MicroStrategy made this much clear just recently when it purchased nearly $650 million worth of BTC at a cost basis of ~$22,000.

There were many on Twitter arguing that this was unwise, considering BTC’s 100% gain over recent months. But, as evidenced by this rally, this may not be the case.

Bigger Than Visa

Bitcoin now touts a bigger market capitalization than Visa, making it the world’s most valuable payment network.

It has also recently become the world’s 20th largest currency by total money supply, according to data shared online.

#Bitcoin soars past $27K, Has risen >$2.5K in a little over a day; Market Cap now tops $500bn. This also makes Bitcoin bigger than #Visa. pic.twitter.com/vF9RNonKHW

— Holger Zschaepitz (@Schuldensuehner) December 27, 2020

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Bitcoin Almost Taps $28,000 in Continued Holiday Rally
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana SOL SOLUSD

Solana Bulls Eye $300 as Alpenglow Upgrade Sparks Institutional Interest

Solana (SOL) has staged a recovery after testing support at $195, with traders closely watching the $205–$215 resistance zone. A...

James Halver 5 hours ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Mastercard is moving to bring crypto into its payments network while keeping control tight, company officials said. Related Reading: Scam...

Christian Encila 6 hours ago
ethereum

Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says

Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling...

Ash Tiwari 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months

Keshav Verma 31 minutes ago
ethereum-5200-breakout-bitcoin-hyper-presale-fomo-1300m-tw

以太坊預測將突破5200美元!Bitcoin Hyper預售狂吸1300萬美元引爆FOMO搶購

Mark Mak 4 hours ago
Bitcoin Price Recovery Hopes Rise

Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

Aayush Jindal 5 hours ago

Premium Sponsors

Press Releases

  • 12億ドルの売り越し、市場は調整局面に突入か?

    イーサリアム...

    10 hours ago
  • ビットコイン...

    10 hours ago
  • シバコイン 今後の行方

    シバコイン...

    11 hours ago
  • パイネットワーク...

    11 hours ago
  • 1 najbolja kriptovaluta za kupiti prije nego što poraste za 3.536%, prema Cathie Wood (ARK Invest)

    1 najbolja kriptovaluta za kupiti prije nego što poraste...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.