The price of bitcoin continues its active growth, which began in March 2020 at 3750$. The cryptocurrency is now worth 16340$, which has not been the case since the 2018 peaks.
Having broken through strong resistance at 13862$, bitcoin has rushed further and continues to move away from the EMA(50) moving average, indicating the strength of upward trend.
Sponsoring this enthusiasm for cryptocurrency bulls is online payments company PayPal, which has announced the introduction of bitcoin into its systems for U.S. residents. The services continue to actively develop, which supports interest in the virtual coin.
Experts say bitcoin will be at 20,000$. A month ago these predictions seemed like a joke, but now they look quite real.