Bitcoin

Bitcoin’s price has only been higher once in its entire history

The price of Bitcoin (BTC) currently has the second highest trading day in historyas the BTC / USD pair hit a new multi-year high of $ 19,330.

Data from Cointelegraph Markets and TradingView were cause for celebration on Nov. 24 after Bitcoin suddenly broke the $ 19,000 resistance.

The BTC prize is experiencing its second best day ever

Against the backdrop of quick profits and the temptation to break spikes around $ 20,000, success in the Bitcoin numbers has not gone unnoticed.

Bitcoin’s price has only been higher once in its entire history
Bitcoin’s price has only been higher once in its entire history

Ryan Selkis, founder of the data resource Messari, noted this Bitcoin traded over $ 19,000 for just one day of its existence.

In contrast, the largest cryptocurrency has now spent over $ 10,000 for 283 days, including the longest season in 2020.

“Are we going to get $ 20,000 today?” Selkis asked himself.

Historical chart of the BTC / USD pair. Source: TradingView

… and his best month

Meanwhile, Bitcoin made more in US dollars than any month in its historyas the data show. In one Tweet On November 24, quantitative analyst PlanB highlighted that the past three and a half weeks have been unlike any other period in Bitcoin’s life.

The largest cryptocurrency continued to rise on Tuesday after retesting $ 18,000, increasing its USD price by more than $ 1,300 in less than 24 hours.

For PlanB, the performance showed that Bitcoin not only broke records, but would make even bigger profits in the near future.. This was due to the Relative Strength Index (RSI) which had started entering the zone, indicating a continued uptrend in Bitcoin price.

“Slowly but surely this is looking like a bull market,” said PlanB.

“Best month for #bitcoin in US dollars (+ 5,400 US dollars) and RSI creeping towards bull market levels.”

As Cointelegraph reported, PlanB noted that the RSI was strong in early November, without indicating that Bitcoin was overbought despite its price growth.

At the time of going to press, the BTC / USD pair was just 2.4% off its all-time highs, according to data from major exchange Bitstamp.

Similar Posts