Bitcoin at $18,000
Bitcoin at $18,000

Bitcoin at $18,000

By Marco Cavicchioli - 18 Nov 2020

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Tonight the price of bitcoin exceeded $18,000 for a brief moment

Yesterday the price rose to around $17,700 and then stabilized momentarily at around $17,600. 

However, during the night, over the course of an hour and a half, it rose quickly to a high of over $18,300, then fell even faster to below $17,500 and bounced back to $17,700. 

Volatility remains high these days, so much so that it subsequently rose again to $17,900, to try again to exceed $18,000. 

The fact is that, as mentioned yesterday, once the resistance of $17,200 has been overcome, the next one is actually positioned at $19,900, so it should come as no surprise that the price is also trying to exceed the psychological threshold of $18,000. 

Bitcoin at $18,000 after almost 3 years

The last time the price of bitcoin was over $18,000 was on January 6th, 2018, and at that time it only remained there for two consecutive days. 

In total, the price of bitcoin has only exceeded this threshold four times in its entire history

The first was on December 7th, 2017, when it stayed there for only one day. In fact, the average price of bitcoin the next day settled at $16,900. 

The second time was during the four days, from 16th to 19th December 2017, when it reached its highest ever value at almost $20,000. 

The third time was between January 5th and 6th, 2018, and the fourth time was today. 

In other words, the price of BTC is at an all-time high these days, with the sole exception of the only two days in its history when it exceeded $19,000. 

It should be noted, however, that a first absolute historical record has already been broken, and it is the one concerning market capitalization, which tonight reached its highest ever value at $339 billion. 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

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