At time of writing, bitcoin sits at $13,589, camping out above $13,000 where it has suddenly found new support for almost four days. Even for a contrarian, it's really hard to find a reason not to be bullish. In October, Square purchased $50 million in bitcoin, PayPal promised to onramp 26 million merchants to bitcoin, Fidelity is working on a Bitcoin ETF in 2021 and recently published their second bitcoin investment thesis, JPMorgan Chase analysts said bitcoin might "triple" and their internal blockchain team is live with JPM Coin. The institutional interest is coupled with a grim stock market, a volatile election coming up, Millennial's disinterest in traditional reserve assets like gold and silver, and a modest price appreciation of 52.78% in the last 6 months. Despite this run, Bitcoin is still 35% below its 2017 highs, but it seems to be closing the gap at an accelerating pace in recent weeks. Bitcoin is up 3.52% from a week ago. Bitcoin analyst Raoul Pal said on Tuesday that there are only two major BTC price resistances left, “There are literally only two resistances left on the bitcoin chart – $14,000 and then the old all-time high at $20,000,” Raoul Pal tweeted on Tuesday. “I fully expect new all-time highs by early next year at the latest.” Warren Buffett, as well as teachers, statisticians, and wealth advisors, all recommend using a dollar-cost-averaging strategy to reduce risk when trading volatile assets.