The price of bitcoin has reached the landmark milestone of $18,000 per BTC across global exchanges after having an incredible run during November and December of 2017. The decentralized currency’s price seems like it will close out with a bang as this year has been one of the most phenomenal growth cycles for bitcoin in years.
Bitcoin Reaches an All-Time High of $18,000 Per BTC
At approximately 7:15 am EDT on December 16 the price of bitcoin barreled above the $18K zone on the exchange Bitstamp. The price has climbed well over 1000 percent during the course of 2017, and has increased by $8,000 in the last two months. There hasn’t been an asset that has increased in value this much in decades, and most people believe there is nothing in the world quite like bitcoin markets. At $18,000 per BTC, the cryptocurrency now commands a hefty $300Bn market capitalization. Additionally, bitcoin markets have been surging swapping $12-17Bn in global volume every 24-hours for the past two weeks. The top five exchanges trading the most bitcoin today include Bitfinex, Bithumb, GDAX, Okex, and Bittrex.
Bitcoin Chart
The above chart (prices as per Bitfinex) shows:
- Important Triangle Breakout ✔️
- important resistance breakout ✔️
- New High: 18.000 ✔️
- Next Target: $20,000 ✔️
