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Bitcoin Touched $19K

As Bitcoin went less than 5 percent down from its ATH, the overall market cap rose to $530 billion

Bitcoin performed a more amazing leg which led to a new 35 month high of almost 19,000 dollars. Only a few percentages all-time high from December 2017.

Only five days ago, Bitcoin failed to overcome the $16,000 price tag decisively. But the main cryptocurrency has since been on a roll, pushing it a few days ago up to $18,500. After January 2018, this became BTC highest price.

The volatility in Bitcoin came back when $17,400 was re-tested before reaching back to above $18,000. Yesterday the situation speeded up. BTC was just over $18,000 before the bulls moved up and pushed BTC first to the highest price since December 2017, as of now, almost $19,000.

According to cryptopotato.com, from a technical analysis point of view, before BTC eventually reaches price discovery above $20,000, it would have to fight off the resistance lines at $18,950, $19,400, and $19,660. As of now, it seems like nothing can stop Bitcoin. Alternatively, BTC might rely on $18,500, $18,200, and $18,000 as support in case of a correction.

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