@xuanling11 22 February 2021 more from that month

Bitcoin Technical Analysis 02-21-21

Bitcoins opens at **$56K** and goes up to around **$58K** and stable around **$54K ~ $55K**. The average transaction fee is **$25.61** which is **2.99%** ****decrease**** from 02-20-21. https://www.publish0x.com/bitcoin-price-drop-what-just-happened/bitcoin-technical-analysis-02-20-21-xnqyvel

The question is if Bitcoin will **continue raising and be sustainable**? My opinion is ****still yes**** which it will have more and more institutional buyers hype to buy. However, I also think the risk is ****high**** at this level. The market has reacted peak value at **$58.6K** but retreated to **$55K** which means the Bitcoin prepares for next milestone **$60K** soon if continue stabling around **$58K**.

****Most Bullish News 📈**** Bitcoin is not a threat to US dollar https://news.bitcoin.com/federal-reserve-bank-president-james-bullard-bitcoin-not-a-threat-to-us-dollar/ It indicates that Bitcoin may continue raising more. ****Most Bearish News 📉**** Stimulus pushes Bitcoin price higher https://coingape.com/another-3-trillion-stimulus-heres-americas-stimulus-madness-adds-fuel-bitcoin-btc/ It indicates that Bitcoin may face correction later with exceed supply. Resources https://www.coindesk.com/price/bitcoin https://news.bitcoin.com/federal-reserve-bank-president-james-bullard-bitcoin-not-a-threat-to-us-dollar/ https://coingape.com/another-3-trillion-stimulus-heres-americas-stimulus-madness-adds-fuel-bitcoin-btc/