As Bitcoin breaks out of the $21k level, many crypto analysts have begun projecting further rallies for the asset. One of the famous crypto strategists, Crypto Kaleo, recently gave a high price prediction for the world’s largest cryptocurrency.

On January 20th, Bitcoin is on a bullish run, breaking above a double top resistance level of $21,600 that's exposing BTC towards the $22,500 level. Ethereum has also violated a major resistance area of $1,610 and is closing candles above this level are opening further room for buying until $1,675.

Digital Currency Group, the parent company of both Genesis and Grayscale, released a statement on Jan. 20 commenting on the news that Genesis had filed for Chapter 11 bankruptcy.

Four individuals linked to the theft of £21m in Bitcoin from an Australian crypto exchange were handed down sentences by a UK court on Friday, Jan 13, bringing to closure a four-year-plus legal battle.

Many narratives occur in the Bitcoin ecosystem, and one of them is Bitcoin is digital gold due to the fundamentals of Bitcoin.

Francis Suarez, the Mayor of Miami and the President of the United States Conference of Mayors, has revealed that he still purchases Bitcoin (BTC) every two weeks despite the bearish downtrend that plagued the asset class throughout last year.

The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023.

Bitcoin (BTC) miners have begun sending their assets to exchanges in a recently-introduced campaign, with up to 5,592 BTC transferred from 1THash, a Chinese mining pool, to Binance since January 17. This trend began when BTC was still holding strong above $21K and persisted despite the crash from the price territory.

According to data from TradingView, in the past 10 days, the Bitcoin price has gone from around $17,115 to $21,077, which is a gain of 23.15% vs USD.

On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.