Revolutionary in the global economy, Bitcoin (BTC) celebrates its 14th anniversary after it was launched on January 3, 2009.
Bitcoin, which was started by Satoshi Nakamoto and turned into a global revolution years later, celebrates its 14th birthday today. Years later, Bitcoin also led to the emergence of thousands of cryptocurrencies. The leading cryptocurrency managed to survive despite all the difficult economic conditions. In addition, BTC became the choice of millions of people between bear and bull cycles. In the crypto money market, which started the new year with bull hopes, movements in the BTC price were observed.
Introduced as a decentralized payment tool, Bitcoin (BTC) has entered its 14th year amid difficult processes and various smears. Satoshi Nakamoto launched Bitcoin 14 years ago today.
Initially seen only as a tool of illegal trade, Bitcoin has become a global investment tool over time. The adoption and adoption by countries has raised hopes for Bitcoin to become a global means of payment.
The leading crypto, which emerged with open source software in 2009, has gained such fame as the official currency of a country these days. Also, the first BTC transfer took place between Satoshi Nakamoto and Hal Finney. This is why many crypto experts think Finney is actually Satoshi.
On the other hand, Bitcoin attracted attention with the economic revolution it created. Where and how BTC will be used in the future is eagerly awaited.
Bitcoin Celebrates Birthday! What’s Happening in BTC Price?
Bitcoin (BTC), which has been in the fixed price range for a long time, has made a small upward leap in recent days. The leading crypto has also mobilized altcoins with this rise.
For the past three days, BTC has been pointing to a cycle change with green candles. On the face of it, however, it has not yet gained a strong bullish support.
BTC, which pinned the level of $ 16,333 on December 30, returned from the level of $ 16,799 in the first days of the new year. After the drop on December 16, BTC price failed to stay above $17,000.
Celebrating its 14th birthday, the leading crypto can touch the strong resistance at $ 17,580 if it breaks the resistance at the $ 17,000 level. BTC, which has not yet been able to get the bulls behind, may return to the same point again in case of possible resistance failure.
Many crypto analysts think that the new year will be better for BTC. Looking at the chart situation, there was no noticeable increase in volume. However, the leading crypto may appetize the bulls after the first resistance point to break.
The strengthening of the uptrend and the breaking of the resistance points indicate that the $18,000 and $18,500 levels may come for BTC. Of course, this will also depend on the absence of bad weather conditions in the global economy and the crypto market.
On the other hand, the leading crypto relies on its close support at $16,450. If this level is lost, $16,000 and $15,500 are on the table. Looking at it, there does not appear to be a bearish pressure to break these support points for BTC.
Finally, BTC continues to instill hope by showing green candles for three consecutive days. Small-scale rises also move the overall crypto market to buy.