{"id":139305,"date":"2020-12-22T17:39:54","date_gmt":"2020-12-22T14:39:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin\/"},"modified":"2020-12-22T17:39:54","modified_gmt":"2020-12-22T14:39:54","slug":"btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin\/","title":{"rendered":"# BTC price rises 5% after US Congress passes \u2018$900 billion ad for Bitcoin\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a415c73ac25d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a415c73ac25d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin\/#BTC_price_in_52_daily_gains\" >BTC price in 5.2% daily gains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin\/#MicroStrategy_CEO_Last_weeks_bull_run_was_%E2%80%9Cother_guys%E2%80%9D\" >MicroStrategy CEO: Last week\u2019s bull run was \u201cother guys\u201d<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># BTC price rises 5% after US Congress passes \u2018$900 billion ad for Bitcoin\u2019 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday\u2019s weakness flipped to see bulls challenge previous levels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_in_52_daily_gains\"><\/span>BTC price in 5.2% daily gains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/coin\/bitcoin-btc\">Coin360<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a> show BTC\/USD returning to positions lost over the weekend, topping out at $23,625 at publishing time.<\/p>\n<p>After plugging $21,800 on Monday, the markets have set a different tone today, with Bitcoin gaining over 5% and adding $1,200 in just six hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/47646ef7-204c-4be2-8270-a70103c078ff.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD hourly chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Macro factors combined to support Bitcoin\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal, with the United States Congress passing a further $908 billion coronavirus stimulus bill.<\/p>\n<p>\u201cAnother $900 billion dollar advertisement for Bitcoin,\u201d Tyler Winklevoss, co-founder of exchange Gemini, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tyler\/status\/1341217900561051648\">summarized<\/a> following the vote.\u00a0<\/p>\n<p>Heatmap orderbook data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1341383549308575745\">shows<\/a> that selling pressure at $24,000 and definitive resistance at $25,000 remained, somewhat dampening prospects of a stronger rally toward new all-time highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/7259b9ec-d747-4af5-84b4-d888a98dd3fa.jpg\"><figcaption style=\"text-align: center;\"><em>Bitcoin exchange buy and sell levels as of Dec. 22. Source: Material Indicators<\/em><\/figcaption><\/figure>\n<p>At the same time, Cointelegraph Markets analyst Micha\u00ebl van de Poppe warned that a dip below $20,000 would not be \u201csurprising\u201d under current conditions.<\/p>\n<p>\u201cPeople are focused on $19,500 for now, and I think this is a very critical level to watch, but I would not be surprised if we dip below $19,500 towards $18,500 to liquidate all the people that have taken longs at that range,\u201d he summarized in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=YRYXh_lZXcQ\">video update<\/a> on Tuesday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"MicroStrategy_CEO_Last_weeks_bull_run_was_%E2%80%9Cother_guys%E2%80%9D\"><\/span>MicroStrategy CEO: Last week\u2019s bull run was \u201cother guys\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meanwhile, fresh comments from Michael Saylor, CEO of MicroStrategy, cast doubt on the idea that the company&#8217;s huge Bitcoin buy-ins were responsible for last week\u2019s intense upside.\u00a0<\/p>\n<p>Speaking on <em>Funky Crypto Podcast<\/em>, Saylor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NeilJacobs\/status\/1341094642385891328\">said<\/a> that his purchases came in the form of high-frequency batches of $1,000\u2013$2,000, and not a lump sum.\u00a0<\/p>\n<p>\u201cI was not a green candle. The green candles were other guys,\u201d he revealed.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>Those \u201cother guys\u201d may not yet be publicly known, according to Rafael Schultze-Kraft, chief technical officer of on-chain monitoring resource Glassnode. In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/n3ocortex\/status\/1341077403985174529\">series of tweets<\/a> on Monday, Schultze-Kraft argued that big buyers MicroStrategy, Grayscale and others are far from the only ones filling their bags.<\/p>\n<p>\u201cDo you really think they\u2019re alone? Of course not,\u201d he wrote. <\/p>\n<blockquote><p>\u201cExpect many more on the move. They\u2019re coming \u2014 gradually, then suddenly.\u201d<\/p><\/blockquote>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-price-rises-5-after-us-congress-passes-900-billion-ad-for-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# BTC price rises 5% after US Congress passes \u2018$900 billion ad for Bitcoin\u2019 &#8221; Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday\u2019s weakness flipped to see bulls challenge previous levels. BTC price in 5.2% daily gains Data from Cointelegraph Markets, Coin360 and TradingView show BTC\/USD returning to positions lost over&#8230;<\/p>\n","protected":false},"author":1,"featured_media":139306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/e291223b-4cb4-438b-9283-332406e02d26.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-139305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/139305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=139305"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/139305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/139306"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=139305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=139305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=139305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}