The price of Bitcoin abruptly dropped over 3% in under an hour after surging to $13,350, but its high time frame log charts remain highly optimistic.

JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency.

Multiple strategists from JPMorgan Chase & Co believe bitcoin is poised to compete more fiercely with gold as an “alternative currency” in the coming years due to the growing Millennial investors’ interest.

While Bitcoin did climb to $13,361 on the charts, it was soon forced to drop down to $13,016 in a matter of minutes. The decoupling of Bitcoin from traditional markets can be seen as a long-term bullish sign for the asset.

Bitcoin price may now see sideways action for a few months after breaking through crucial multi-year resistance at $12,000.

“No one can spend 1B, it’s not useful, it’s much better to have a project where people can benefit from it,” reads the only explanation that Harvest Finance developers offered to investors.  Harvest Finance’s Centralization Risks  Within a fortnight of their launch, Harvest Finance quickly rose the DeFi ranks acquiring more than $1 billion in total value locked (TVL). This is despite the warning signals in their audit reports.  Harvest Finance is a DeFi yield aggregator similar to yEarn Finance and Rari Capital.

Since October 22, the Binance Coin uptrend has been interrupted at the high of $31.20. In retrospect, On September 14, BNB had already faced rejection when it attained its peak price of $32.00.

What are stablecoins? A stablecoin is a type of cryptocurrency that provides price stability and is backed by some reserve assets, (e.g., US dollar or gold). This makes it more stable to constant market fluctuations.

Chainlink was recording strong gains on the charts amidst speculation that its rally could be stronger than Bitcoin’s once again, like it was in July. Bitcoin had climbed to $13,300 at press time and it might just head higher, with many other altcoins posting gains too.

Disclosure best practices need to be adopted as their lack is holding the industry back.