Analytics / Forex and Crypto News
Bitcoin seeks to fix the new maximum of the year after the 30% correction, which pushed its price below $10,000.
At the time of publication, the Bitcoin price is $12,404 according to Tradingview.
On June 8, the price of Bitcoin added $500 during some minutes, and this meant that there was a step of the bulls. On July, a break above $12,000 was a sure sign of an upward trend.
Previously known trader Peter Brandt said that rollbacks by 30-40% are useful during a rally. Bitcoin has already retested the level of $13,788 - a maximum of 2019, and this suggests that the parabolic growth has not been disrupted.
After the current 10% growth, many popular traders more boldly began to share their “bullish” Bitcoin forecasts, both short-term and long-term:
“Some probably have a fear of “double top” if the price rises above $13,000 again. Double tops were popular as a “reversal pattern” in 2018 when the price created a double maximum or almost reached the maximum before the subsequent decline.”
Some traders seem to be very hopeful that the price of Bitcoin will soar significantly in the coming years:
"The BTC is still at the bottom compared to how high it will go in the coming years."
The last Bitcoin price increase occurs after breaking news associated with Tether and Bitfinex. According to the New York Attorney General's Office (NYAG), these two companies served their clients in New York longer than expected, not having the license.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov