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Bitcoin price soared above the psychological threshold of $ 16,000

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Today, from the morning hours, the price of bitcoin rose above the psychological threshold of $ 16,000.

The last time he was above this threshold was the January 7, 2018, three weeks after December 17, 2017, when it peaked at around $ 20,000.

Actually, since last week he had already tried to get close to $ 15,800, but could not hold it.

Today, however, the situation looks a bit different, with the price first climbing above $ 15,900 and then returning around this level after a brief rally above $ 16,000 and then staying at $ 16,100.

Today's jump consolidates the position above $ 15,000, although trading volumes are not particularly high yet.

As already hypothesized yesterday, the breakout of the $ 15,900 resistance has opened the space to update the 2020 record, now recorded at over $ 16,200, albeit touched only for a very brief moment.

It should be noted that, after the all-time high of 2017, the 2018 peak at $ 17,700 does not seem that far off, while the 2019 peak at $ 13,700 seems to have been left behind.

In fairness, there are still a number of analysts suggesting that there could be a pullback towards lower odds, perhaps also due to a possible current excess of enthusiasm in the cryptocurrency markets, and particularly Bitcoin.

However, the fact that this 2020 is registering much higher trading volumes even than in 2017 in the middle of the speculative bubble, suggests that the current situation is very different from that of November / December 2017 or January 2018.

At the time, the price of BTC remained above $ 15,000 for just 38 non-consecutive days, with three dips of a few days each below this threshold.

The longest period of consecutive days above $ 15,000 was only 15 days, from December 7 to December 21, 2017, and now there are four consecutive days permanently above this threshold.



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