Bitcoin reaches all time high
This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, you can find anything from how to make money with bitcoin to how to create your own cryptocurrency.
For more check the bitcoin reaches all time high below. Good things are happening to the Bitcoin price as we speak. It is always good to see the Bitcoin price go bitcoin reaches all time high in bitcoin reaches all time high, especially when one least expects it.
More specifically, things were looking pretty bleak for the Bitcoin price just yesterday, after nearly 24 hours of sideways trading momentum. Then again, sideways momentum often results in a major price change, and in the case of the Bitcoin price, the eventual momentum pushed BTC to a new all-time high in quick succession.
Although the year has been extremely bullish for Bitcoin when looking at the bigger picture. Things could have easily reversed course. At one point, the price almost did revert, thanks to a major correction pushing the price down a few months ago. Ever since that time, however, the momentum was headed in the right direction again. This trend is also clearly visible on the price charts. It is remarkable how things can change in this regard. It is also important to note how Bitcoin bitcoin reaches all time high still a very niche market for the time being.
Thankfully, we see some very strong trading volume for Bitcoin over the past 24 hours. For a trading period spanning both Friday and Saturday, that number is a lot higher compared to what most people would expect to see. A more than pleasant surprise, bitcoin reaches all time high say the very least, although it shows the upward Bitcoin price momentum may not be fully over whatsoever.
Things are also heating up in the world of Bitcoin exchanges right now. More specifically, Bitfinex is still clearly dominating the market in terms of trading volume. Bithumb is still in second place, with bitFlyer completing the top three.
All five exchanges are on this list due to their fiat currency pairs. The Bitcoin bull run throughout is exceptional, to say the very least. It will be interesting to see how things will play out in the next few days and weeks, though.
More specifically, this massive spike will be met with some resistance and profit taking along the way. Things look very promising for the Bitcoin price right now, but one never knows what the future will bring whatsoever. To read more from The Merkel follow this link. Leave a Reply Cancel reply Your email address will not be published.