Excitement rallies in the crypto space as bitcoin crosses $12,000, but will it hit four figures again?

• When we look back on this year on the 31st of December, we’ll probably be ringing in 2021 with more excitement than ever before. 
• It's safe to say that this year has been terrible for everyone involved but for the crypto world, things seem to be on the up. 

When we look back on this year on the 31st of December, we’ll probably be ringing in 2021 with more excitement than ever before. It's safe to say that this year has been terrible for everyone involved but for the crypto world, things seem to be on the up. Earlier today, the leading Cryptocurrency hit $12,000 with some people predicting that the coin may never go below $10,000 ever again.

For a while now though, 2020 has had many people predicting that a massive crypto bull run is to occur and even though that is yet to happen, the general vibe of the market is promising, especially with bitcoin hitting such a milestone recently.

The price for the leading cryptocurrency is above $10,000 and this is a massive key resistance level that has seen, in the past, the advancement of the price for months. Looking at the dynamics of the market, you can already tell that the King coin is getting ready for a serious spark. That being said, we are not financial advisors and this is not financial advice, please do your own research before investing in any Cryptocurrency.

The asset manager, Timothy Peterson took to Twitter recently to say that the price dynamic in the markets could bring in a new era for bitcoin where it would never go below $10,000 ever again.

In 1 week there will be a 90% chance that #bitcoin will not drop below $10,000 ever again.#10kcountdown pic.twitter.com/9HWO3kioci

— Timothy Peterson (@nsquaredcrypto) August 8, 2020

Over the past few years, especially since 2017, there have been many institutional players getting involved in the crypto space. It will be exciting to see where (and how) these institutions further the goal of Cryptocurrency.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!