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BITCOIN TODAY: In this video, I’ll go through the Bitcoin Daily Technical Analysis & I’ll make a Bitcoin price analysis. The BTC news & analysis can be an inspiration for your own Bitcoin trading or investing but is NOT financial advice. On this channel, CRYPTOVEL, I make at-least 2 videos every single day about crypto news & Bitcoin & Fundamentals. I’ll always include professional Bitcoin technical analysis, to make a Bitcoin price prediction, and I’ll also show you the most relevant news for Bitcoin investing & trading. Please subscribe if you are a Bitcoin holder, and leave a thumbs up to support my free videos!

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The world of finance and investment has been shaken up in recent years by the introduction of Bitcoin, the leading cryptocurrency in the world. Since its inception in 2009, Bitcoin has been gaining traction as the best possible digital asset for investors. After showing tremendous potential and increasing in value extensively over a few years, reaching a high of $19,783 in December 2017, Bitcoin’s value then suddenly plummeted. But the cryptocurrency has shown resilience and it’s currently trading around $11,000. With a bull flag formation still in play, the question on every investor’s lips is whether Bitcoin will be able to reach the $20,000 mark again.

A bull flag is a chart pattern that can be seen in a price chart when a financial asset price consolidates after a rally, forming a small rectangle shape. Once that rectangle has formed, the asset’s price begins to increase and eventually surpasses the previous high, leading to a trend of bullish sentiment. In the case of Bitcoin, if the pattern holds true, the digital currency could see a major price increase, possibly even reaching the $20k mark.

It’s important to note that the cryptocurrency market is highly volatile, and there is no guarantee that Bitcoin will continue to rise. However, the bull flag pattern is a good indicator that an upward trend may be on the horizon. Bitcoin has already shown its ability to weather extreme market volatility and remain a valuable investment.

In recent news, Morgan Creek Digital Assets has created the first Bitcoin-based retirement fund in the United States. The company’s CEO, Mark Yusko, envisions a decentralized future, and his belief that Bitcoin is the future of money motivated the launch of the fund. This initiative is a testament to the growing institutional and mainstream adoption of cryptocurrencies.

Another aspect of Bitcoin’s growth is its growing use as a mainstream currency. A growing number of dealerships and individuals are now accepting Bitcoin as a mode of payment. If you’re looking to sell your car, for example, you can now choose to accept payments in Bitcoin. This isn’t just a new fad; it’s becoming more common for asset owners to accept Bitcoin as a legitimate form of payment.

In conclusion, Bitcoin’s value is currently in flux, but with a bull flag formation still in play, it is believed that the cryptocurrency may regain its previous value with a potential peak of $20,000. Additionally, institutional investors are beginning to take notice, and the use of Bitcoin as a mainstream currency is also increasing. As the market evolves, it’s essential for investors to keep an eye on Bitcoin’s performance and remain cautiously optimistic as always.