Today was reached the second highest price ever for Bitcoin, while November is already the best month in terms of earnings in dollars.
Bitcoin (BTC) is witnessing its second best trading day ever, while BTC/USD is reaching a new multi-year high at $19,345.
Cointelegraph Markets and TradingView figures offer a great reason to celebrate November 24th, after Bitcoin’s sudden breakthrough of resistance at $19,000.
Bitcoin records the second best day ever…
Against the backdrop of rapid increases and the temptation to exceed the all-time high at close to $20,000, the finish line did not go unnoticed in the Bitcoin community.
Ryan Selkis, founder of the Messari crypto resource, reported that Bitcoin Code has only spent one day in its entire history above $19,000. In addition, the major crypto resource has currently spent 283 days above $10,000, including the record-breaking series in 2020.
„Will we see the $20,000 today?“ Selkis asked himself.
…and the best month ever
Meanwhile, data indicates that the price of Bitcoin has increased more this November than in any other month in its history, in terms of US dollars: a figure also highlighted on Twitter by the PlanB analyst.
On Tuesday, the cryptocurrency continued its climb after a new test at $18,000, adding more than $1,300 to its US dollar price in less than 24 hours.
According to PlanB, the performance indicates that Bitcoin is not only breaking its records, but is ready to chart even bigger rises in the near future. This scenario is based on the relative strength index (RSI) of the crypto asset, which had begun its entry into the area that signals a sustained upward trend for Bitcoin’s price.
„Slowly but surely, it is beginning to look like the beginning of a bull market,“ PlanB commented.
„Best month ever for #Bitcoin in terms of USD (+$5,400) as CSR moves to bull market levels.
As Cointelegraph reported, PlanB underscored the strength of CSR in early November, eliminating the hypothesis of an overbought market despite Bitcoin’s price growth.
At the time of writing, BTC/USD is only 2.4% away from its historical high, as confirmed by the Bitstamp exchange data.