Bitcoin is trading above $35,000 Tuesday night after it fell almost 20% to $28,000 on Monday morning. This is signaling huge bullish momentum in Bitcoin market cap.
With this new high, Bitcoin sets a new all-time high of $35,766
Most of the prominent traders and analysts were calling for flash crash or some cool-off in Bitcoin price but this does not look like to happen. Q4 2020 is fueled by institutional money buying Bitcoin. Even through Bitcoin has made new all time high, DXY dollar index has remain positive in futures chart.