Bitcoin Price Continues to Roar Higher, Pushing to $16,750

2020-11-16 21:37

Bitcoin has continued to soar higher after our last market update. The cryptocurrency recently traded as high as $16,770, a new year-to-date high and a new multi-year high.

Many analysts saw this latest leg higher as notable as BTC moved above $16,600, the level at which John McAfee famously tweeted the following statement:

“Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else.”

Chart of BTC's price action over the past day from TradingView.com Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Continues To Surge Toward $16,700

Analysts think the cryptocurrency rallies even higher in the days ahead. Tyler Winklevoss, CEO of Gemini and a prominent cryptocurrency investor recently said:

“I do think we will see an all-time-high price for #Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run.”

The fundamentals also lend to continued upside.

Analyst Willy Woo recently noted that the Realized Price Bitcoin metric is moving higher, suggesting the ongoing rally is “organic”:

“Realised Price estimates the average price the market paid for their BTC. Now at its steepest slope for this cycle, meaning capital influx into #Bitcoin is at its highest rate since the last bull market. (Higher than last year’s $4k-$14k move; the current move is more organic.). For the sake of this comment I’ll define ‘organic’.”

Bitcoin could continue to move higher if the daily candle closes above the previous local highs.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Price Continues to Roar Higher, Pushing to $16,750

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68931.93 (-0.16%)
Объем 24H $37.77b
Изменеия 24h: 2.35 %, 7d: 3.05 %
Cегодня L: $66806.42 - H: $69113.94
Капитализация $1358.165b Rank 1
Цена в час новости $ 16794.82 (310.44%)

bitcoin high higher new moved above btc

Источник: newsbtc.com

bitcoin high → Результатов: 126


Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit?

Key takeaways Bitcoin reached a new all-time high price of $69,170 on Tuesday and altcoins could follow soon. AltSignals’ ASI token is up by 17% in the last 24 hours and could rally higher soon Bitcoin sets a new all-time high Bitcoin, the world’s leading cryptocurrency by market cap, has set a new all-time high […] The post Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit? appeared first on CoinJournal.

2024-3-6 12:34


Фото:

Bitcoin Cash soars to 14-month high of over $300 as hash rate spikes

Bitcoin Cash (BCH) rallied to a 14-month high of over $320 after rising by 35% in the last 24 hours, according to CryptoSlate data. Since June 20, the digital asset has enjoyed renewed interest as it is one of the four cryptocurrencies available on EDX Markets—a crypto exchange backed by traditional financial giants like Fidelity, Schwab, […] The post Bitcoin Cash soars to 14-month high of over $300 as hash rate spikes appeared first on CryptoSlate.

2023-6-30 14:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru