web analytics
🥇 The Best Online Casinos Who Accept Cryptocurrency For 2020 ✔️
1st Deposit Bonus:
1 BTC
Bonus for New Players
100% MATCH BONUS
5.0 rating
5.0
1st Deposit Bonus:
100 EUR
Bonus for New Players
100% MATCH BONUS
4.8 rating
4.8
1st Deposit Bonus:
2 BTC
Bonus for New Players
100% MATCH BONUS
4.5 rating
4.5

Bitcoin Price Jumps to Highest Since November 17

Bitcoin prices jumped to two-month highs on Tuesday. 

The most popular digital currency rose to $8,590 on Coinbase to print the highest level since November 17. 

Currently, the cryptocurrency is priced at $8,517, flashing a 4% gain on a 24-hour basis. 

According to Datamish charts, the price rise from the Asian session low of $8,100 to $8,590 was triggered by liquidation of shorts (bearish trades) worth $38 million on BitMEX. 

From technical perspective, a contracting triangle breakout on the hourly chart witnessed during the Asian trading hours had signaled a scope for a rise to $8,500.

The latest move higher is also in line with the bullish trend reversal signaled by the inverse head-and-shoulders breakout confirmed last week. 

Daily chart

Bitcoin is

currently flirting with the January 8 high of $8,469. If the daily candle ends above that resistance, stronger technical buying could be seen, yielding a rise to the 200DMA at $9,100.

Broader markets rally

Bitcoin’s rise to multi-week highs is being closely tracked by other cryptocurrencies. Ethereum,’s ether token, the second-largest cryptocurrency, is currently trading at $148 – up 3% on the day. Prices rose above $150 earlier today. That level was last seen on Dec. 9.

Bitcoin’s offshoots, Bitcoin Cash and Bitcoin Cash SV are rising 7% and 23%, respectively, while the likes of EOS, XRP and Litecoin are adding 2-6%.

The post Bitcoin Price Jumps to Highest Since November 17 appeared first on BitcoinPrice.com.



Source: Bitcoin Price Jumps to Highest Since November 17

Leave a Reply

Your email address will not be published. Required fields are marked *

NOT REQUIRED
Bonus Code
Get 25 FREE SPINS on Book of Dead
NOT REQUIRED
Bonus Code
1.5 mBTC FREE
Valid Until: Dec 31, 2020
NOT REQUIRED
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 24, 2019
N/A
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 31, 2019