What an incredible year it has been for cryptocurrency investors! Just last week, Bitcoin broke through $18,000, hit a new market cap record above $329 billion and briefly flirted with $19,000. This is the highest price for Bitcoin since late 2017 and it is less than $1,000 from an all-time price
On Thursday October 28th, the price of Bitcoin (BTC) fell below $13,000 shortly after hitting resistance of around $13,850 at the day’s peak. As we can see from the chart below, the price of Bitcoin is in an uptrend that started on March 12, 2020 and has more than doubled since then.