Today the price of bitcoin has once again exceeded $ 19,000.
It had already happened a few days ago, on November 21, but only for a moment and only on some platforms.
Today, however, was different, both because it did on all platforms like because it stayed around that number for more than a few seconds.
In fact, the price of bitcoin is fluctuating around $ 19,300, something that has not happened. since 2017.
In fact, throughout the history of Bitcoin, only one day the average daily price exceeded $ 19,000, December 17, 2017, when the price reached a maximum above $ 20,000.
Further, There were only four days in which the maximum daily price exceeded $ 19,000.
So today is just the fifth day in the history of Bitcoin where the maximum daily price was higher than this threshold, also because on November 21 it was not exceeded on all platforms, and the average maximum price at the end of the day was $ 18,936.
Bitcoin at $ 19,000: risk of pushback
It is difficult to say if this level will consolidate in the course of the day and if it will hold in the coming days, but there is at least one news that points to something similar.
PlanB reported it On twitter, revealing that since yesterday PayPal, Grayscale, and Square have started buying BTC again.
Monday! Paypal, Grayscale and Square will summarize buying today. pic.twitter.com/Bukc1m4Hey
– PlanB (@ 100trillionUSD) November 23, 2020
PayPal and Grayscale buy for their users, while Square potentially buys for their corporate reservations.
The fact that, despite the very high prices compared to historical ones, there are still sustained purchases, inevitably generates price increases. Therefore, if they continue, it is conceivable that the price can maintain these levels, if not overcome them.
Excitement in the cryptocurrency markets currently remains extremely high, and this suggests that it too could trigger a correction from one moment to the next, if not a throwback.
Furthermore, volumes are not very high, albeit strong, and while this, on the one hand, favors price increases due to continued buying, it also means that a correction could be triggered relatively easily and quickly.