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Learning & News => News related to Crypto => Topic started by: newshunter on November 25, 2020, 01:00:40 PM

Title: Why Bitcoin price just hit $19,000 for the first time in 3 years
Post by: newshunter on November 25, 2020, 01:00:40 PM

Why Bitcoin price just hit $19,000 for the first time in 3 years

For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the rally may continue.

Source: Why Bitcoin price just hit $19,000 for the first time in 3 years (https://cointelegraph.com/news/why-bitcoin-price-just-hit-19-000-for-the-first-time-in-3-years)

Would appreciate your opinion about this

Title: Re: Why Bitcoin price just hit $19,000 for the first time in 3 years
Post by: bigcash2011 on November 25, 2020, 07:04:54 PM

If we see monthly closing around these levels then expect market to continue the rally and december green candle could be the biggest which could take the price straight to 30k.

Title: Re: Why Bitcoin price just hit $19,000 for the first time in 3 years
Post by: Mexite on November 25, 2020, 11:38:53 PM

This is the best yewr after the 2017 ICO frenzy but I expect this me price push to be sustained in the long term because many traditional investors and large corporations are converting part of their wealth to BTC.