Bitcoin Weekly Outlook: Expect Gains as Trump Signs Stimulus Bill

oEw1439T 980x580

Bitcoin is showing no signs of upside exhaustion despite continuous pullback warnings. The flagship cryptocurrency broke north of $28,000 during the weekend session that helped it close the week 11.85 percent higher. Capital kept flocking into the 24/7 Bitcoin market as the rest of the financial industry snoozed itself for the Christmas holiday break. On Sunday, BTC/USD reached yet another record high level — of $28,387. As the pair enters the new week, it looks at more upside catalysts to continue its prevailing rally. One of the biggest among them is the second coronavirus stimulus bill in the US. Trump Approves $900bn Aid President Donald Trump ultimately signed a sweeping pandemic-aid bill on Sunday night that would pave the way for Americans to receive economic relief as the COVID-19 infections surge across the country. He had objected to the legislation last week, demanding to increase the size of direct payments…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE