BTC/USD Weekly (Most important chart) : Better to look at the weekly charts if you want to take proper decisions for your portfolio.
BTC is just trading above the resistance line at $14666. Weekly close below this level could easily open doors for $13650 and $12240.
Yeah it's true. BTC needs retracements to continue with the trend. Just keep in mind BTC is very bullish in Mid and Long term. We are just getting started.

We will wait for the weekly close now and update another Weekly chart on Monday.

Stay tuned

The Biden Effect: Bitcoin Price Plunged $850 Immediately After The Announcement
https://cryptopotato.com/the-biden-effect-bitcoin-price-plunged-850-immediately-after-the-announcement/

Crypto ATMs Grew 80% in 2020. Every Hour There’s a New Machine Installed
https://cryptopotato.com/crypto-atm-grows-80-percent-2020/

Stock market news live updates: Markets soar, Dow futures add more than 1,400 points after upbeat vaccine data, Biden victory

Bitcoin Breaks Above $16K For The First Time Since January 2018: The Crypto Weekly Market Update
https://cryptopotato.com/bitcoin-breaks-above-16k-for-the-first-time-since-january-2018-the-crypto-weekly-market-update/

Still moving up in its uptrend channel

Skype Co-founder Keeps Personal Wealth in Bitcoin, Ethereum
Jaan Tallinn, an Estonian engineer known for supporting A.I. research and awareness efforts, prefers his money digital.

Bitcoin Price to Reach $318K by December 2021 as the New Gold, Citibank Director Says
https://cryptopotato.com/bitcoin-price-to-reach-318k-by-december-2021-as-the-new-gold-citibank-director-says/

What does this Trendicator Dashboard tells you.See which COIN is rocking in Realtime

⁠Travelers can now get US passports in as little as 4 weeks with Bitcoin

“Offering travelers the ability to pay via Bitcoin feels like the right move at the right time.”

https://ct.com/94bj

Ethereum Price Analysis: ETH Facing Huge Resistance On Its Way To $500
https://cryptopotato.com/ethereum-price-analysis-eth-facing-huge-resistance-on-its-way-to-500/

Anyone thinking that BTC will hit all time High Like Dowjones last night has hit records high .Best time to invest during Bull in BTC and Dowjones

Grayscale now holds half a million Bitcoin

Grayscale’s Bitcoin Trust now holds more than 500,000 Bitcoin, surpassing $8.3 billion in value.

The Grayscale Bitcoin Trust has aggressively accumulated Bitcoin during 2020, with the amount of BTC held by the fund increasing almost 50% in the past six months. That’s a steep rise in 2020 for a fund that launched seven years ago and suggests snowballing institutional interest.

Grayscale’s Ethereum Trust also ramped up its purchases during 2020, and now holds roughly $1.175 billion worth of Ether, or 2.24% of ETH’s entire capitalization.

https://www.tradingview.com/x/3FO2ju8M/

BTC Update: Bitcoin has entered the resistance zone now. $16700 to $17300 is the area where I think BTC can go for a correction. Though these are few weekly candles so the resistance is not very high.
It's very important to be cautious with your Spot positions in BTC, IMO You can think of hedgin some fund under this area 16.7k to 17.2k.
What's really important is Greed is very high in the market.