Parabolic Advance Continues Past $12,000 of Bitcoin Pirce
Crypto Guide
Live News

Parabolic Advance Continues Past $12,000 of Bitcoin Pirce

June 26, 2019      Cryptoknowmics

Bitcoin is soaring past $12,000 for the first time since January 2018.

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.

Market visualization courtesy of 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. At pixel time bitcoin is trading at $12500, after having increased its value 11% over the last 24 hours.

Bitcoin 1-year price chart. Source: Coin360

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.”

READ About to be Dragged Back From The Brink of Closure

The founder and CEO of Digital Currency Group argued earlier this month that it “looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring,” in an interview with Bloomberg.

Also on June 22, Ethereum (ETH) hit its 10 months high after on June 21 news broke that Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is now available for trading on OTC Markets.

Bitcoin Price Parabolic Advance Continues Past $12,000

Go to Source
Author: Adrian Zmudzinski

#Bitcoin Price Prediction #Crypto News #Cryptocurrency #Cryptocurrency News #Technical Analysis

The dynamics of Crypto Fraternity is changing at a lightning speed. Access to most critical information in a timely and curated manner is extremely critical for the health of your investments. Cryptoknowmics is the fastest platform to bring and deliver news and critical information from above 3000 sources at your fingertips. We cover almost all aspects of cryptoworld from exchange, tokens, coins, dapps, ICOs, IEOs, STOs, events, airdrops, jobs, services, wallets, etc. We strive to be the complete solution for your crypto needs.