RATE Group | Bitcoin Price Already Up 25% in 2020 After Hitting $9,000
76055
post-template-default,single,single-post,postid-76055,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Price Already Up 25% in 2020 After Hitting $9,000

17 Jan Bitcoin Price Already Up 25% in 2020 After Hitting $9,000

Posted at 09:47h in Bitcoin News by

[ad_1]

Bitcoin (BTC) hit $9,000 on Jan. 17 as technical metrics continued to break both local and all-time records. 

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

BTC clips $9,000 as traders lie in wait

Data from Coin360 and Cointelegraph Markets showed BTC/USD finally rising to the significant $9,000 boundary on Friday, following a bullish run-up overnight.

At press time, a slight retracement had sent the pair slightly lower to $8,900, with 24-hour returns still at 3% and weekly performance stronger at almost 16%. Bitcoin holders are currently sitting on monthly gains totaling almost 35%.

Bitcoin 1-day price chart

Bitcoin 1-day price chart. Source: Coin360

Now, however, attention is turning to shorter time frames. For regular Cointelegraph contributor filbfilb, despite Bitcoin’s bullish overall movements, the next close would be crucial in determining short-term trajectory. 

Specifically, if BTC/USD were to close below the bullish candle, which took it to current highs, the chance of a bearish reversal…

[ad_2]

Source link

Tags:
, , , , ,