RATE Group | Bitcoin Price Live: Massive One Hour Candle Takes BTC Above $4,000
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Bitcoin Price Live: Massive One Hour Candle Takes BTC Above $4,000

20 Dec Bitcoin Price Live: Massive One Hour Candle Takes BTC Above $4,000

Posted at 12:57h in Bitcoin News by

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Bitcoin continues its recent price rally, topping $4,000 on Thursday, December 20, 2018. The top-ranked cryptocurrency is up by more than eight percent over the last 24 hours in what is a sixth straight day of positive price movements.

Six in a Row for Bitcoin

The relief rally for Bitcoin is currently in its sixth day with Thursday’s surge second only to Monday’s price gain. A large one-hour green candle sees the top-ranked cryptocurrency breakthrough the $4,000 price barrier for the first time in more than two weeks.

On Wednesday, Ethereum World News reported on BTC topping $3,800 and the possibility of a “Santa Claus rally.” BTC is currently up more than 15 percent from its 2018 low of $3,200. This figure is even the cryptocurrency’s lowest price level since September 2017.

The next question will undoubtedly be how long can BTC sustain the upward momentum. Since 2018, the cryptocurrency market as a whole has been in the wars of a prolonged bear market. In…

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