Categories: Crypto Review

Bit-comment: Bitcoin spiked to 18-month highs

The price of Bitcoin spiked at night by more than $1,200, or almost 11% above $12,500. Along with the price, trading volumes also grew, which fundamentally supported a positive trend. The fact that Bitcoin was not allowed to decline below $10K and the asset constantly attracted consumer demand after waves of corrections, created room for growth for the benchmark cryptocurrency and attracted new buyers.

The Bitcoin price chart resembles a parabola, however, there are fundamental differences between what we saw in 2017 and today. Two years ago, the growth parabola was no longer interrupted above the $10K up to $18K. There was a painful excitement on the market, which ended in a collapse of prices. This can be explained: many then discovered this investment segment. Now it seems that the BTC is moving towards new goals as if in “in the standard operating mode”, making measured pauses for consolidation before a new breakthrough.

The FxPro Analyst Team

AddThis Website Tools
The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

Apple Wave Analysis – 20 March 2025

Apple: ⬇️ Sell - Apple reversed from resistance level 220.00 - Likely to fall to…

3 hours ago

IBM Wave Analysis – 20 March 2025

IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…

3 hours ago

AUDNZD Wave Analysis – 20 March 2025

AUDNZD: ⬆️ Buy - AUDNZD reversed from key support level 1.0930 - Likely to rise…

5 hours ago

EURCAD Wave Analysis – 20 March 2025

EURCAD: ⬇️ Sell - EURCAD reversed from the resistance zone - Likely to fall to…

5 hours ago

Crypto Market Testing Resistance

The crypto market has increased by over 5% and is nearing the $2.9 trillion. The…

10 hours ago

Gold Wave Analysis – 19 March 2025

Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…

1 day ago