New Bullish Metric Positions Bitcoin For A Massive Run

After starting the year with a value of $7k, Bitcoin pushed the $10,000 mark in June 2020, serving as a strong support point for the asset's 2020 rally. Digital gold saw a surge in 2020 that caught the attention of financial institutions and investors worldwide, especially considering the economic slowdown affected by the pandemic.

The traditional financial system was at risk, and investors wanted a hedge against inflation and the global economic crisis - in their time of need, BTC was available as a safe haven. It contributed to the encouraging performance of the asset. As of December 1, 2020, BTC is already entering the $19k level and further reached $23k on the 18th.