Day Of Reckoning For Bitcoin Bears

Bitcoin valuations have recently overcome key psychological levels at $35,000 in what can only be described as a day of reckoning for the market bears.Rising institutional interest has overcome the potential for increased regulation while opposing trends in the U.S. dollar are becoming more and more apparent.A recent note from JPMorgan suggests that BTC-USD could rally as high as $146,000 as cryptocurrencies continue to compete with gold and silver as an alternative store of value.We believe that these factors have established bitcoin’s strong position in the market and this is why we think BTC-USD is likely to see another strong performance in 2021.