Bitcoin price hits $19K as bulls show no fear of record futures gap
November 30, 2020 @ 17:14 +03:00
Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading.
The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600 had appeared, with Bitcoin going on to deliver returns of at least 17% versus those lows.
As Cointelegraph reported, a giant $1,300 CME futures gap threatens to take the market lower, but buyers so far remain unfazed. At press time, highs above $19,200 were in progress with around half an hour to go before the start of trading on Wall Street.
Should Bitcoin manage to flip that zone to support, the door remains open for another attempt at challenging $20,000. Last week, however, $19,500 provided firm resistance.
Bitcoin price hits $19K as bulls show no fear of record futures gap, CoinTelegraph, Nov 30