Bitcoin beats time record above $10,000

Bitcoin beats time record above $10,000

By Simplify Crypto | Simplify Crypto | 6 Oct 2020


Bitcoin's price just broke an interesting mark, the longest standing above $ 10,000,000.

Considering daily closings, Bitcoin had never gone this long without closing a candle below the 5-digit price. It's already 63 days!

This year, the last time Bitcoin closed the day below $ 10,000 was on July 25, at $ 9,931.

After that, the price even came back to around US $ 9,000 high five times, but recovered soon after being held by the bulls.

 

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On November 28, 2017 Bitcoin broke the $ 10,000 dollar for the time in history, but closed the daily candlestick below that.

Two days later (30.11.17) Bitcoin closed the diary for the first time in history above $ 10,000 USD, and it only collapsed on January 31, 2018.

It was 62 days over $ 10,000, and a bull run in the middle.

In 2018 the price of Bitcoin would return twice more than $ 10,000 USD, but it was there for a short time.

Then he went through 411 days without even touching the $ 10,000, returning to him in mid-June 2019.

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Recently, the price of Bitcoin first consolidated and tested a range between $ 8,600 and $ 10,000 for 87 days.

And now there are 63 more days in the $ 10,000 to $ 12,400 dollar range.

In its entire history, Bitcoin was less than 200 days above US $ 10,000, which is why these become strong and important price regions, because below this we have enough historical data, but above, no!

What if that is the historic milestone and Bitcoin never returns below $ 10,000?

Foolish presumption? Utopia for the moment?

Just remember that as of a day the price of Bitcoin never came back to $ 1, $ 10, $ 100, and $ 1,000 dollars.

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Simplify Crypto
Simplify Crypto

Trying to help people to understand the crypto world from the basic concepts to the crypto projects purpose. My articles are publish in Publish0x and Hive

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