Tuesday, 23 July 2019 03:17 GMT
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Bitcoin Price Parabolic Advance Continues Past $12,000 | Daily Outlook




(MENAFN - FxPro) Bitcoin price has continued its rapid growth and on June 26 it hit $12,000 for the first time in over a year, according to Coin360.

Bitcoin (BTC) breached the $12,000 level early this morning after mostly trading horizontally in the $13,000-$4,000 range for the first months of the year. Press time bitcoin is trading at $12500, after having increased its value 11% over the last 24 hours.

As Cointelegraph reported at the time, one June 22 BTC crossed the $11,000 line in under 24 hours after breaking $10,000. Earlier this week professional trader Peter Brandt also tweeted that bitcoin's price is currently taking aim at $100,000 target. According to him, bitcoin is currently on its fourth parabolic growth phase, and 'is a market like no other.'


Bitcoin Price Parabolic Advance Continues Past $12,000, Cointelegraph, Jun 26

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Bitcoin Price Parabolic Advance Continues Past $12,000 | Daily Outlook

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