Bulls and bears have been tugging the rope for the last 24 hours, and so far the leadership has been on bulls. The cryptographic currency has made several attempts to overcome $16,000, and on Thursday night buyers still managed to win in advance. At the end of the working week, Bitcoin will grow by 4% and change its owner for $16,300. If bitcoin closes the week above $16,000, moreover, if it approaches $17,000, there is a high probability that the rally will start at $20,000.
FOMO (Fear of missed opportunities) can compensate for the impact of any technical indicators by sweeping away any resistance levels, but remember that this is not a one-way process: stopping growth can quickly turn into a profit taking, as many will try to do it first. The Greed and Fear Index has been in the "extreme greed zone" since last week, signaling a sharp overbought and hinting that correction is inevitable.
The reality is that the mathematical algorithm generates higher returns than gold, stocks and other assets. Since the beginning of the year, Bitcoin has risen 127%, and the irony of the global market situation is that BTC may cost up to $20,000 or more at the end of 2020, or again less than $5,000.
