Bitcoin price continues its rising started several days ago and now has skipped over $18,000. Experts said that it might continue to go higher.
The Rising of Bitcoin Price
The price is now nearing the USD 18,200 resistance. If it succeeds, there would be high chances of more increases above the USD 18,400 and USD 18,500 levels, Cryptonews reported.
On the downside, the USD 18,000 level is the initial support. The first major support is now near USD 17,750, below which the price could revisit the USD 17,500 support.
On Wednesday, November 18, the price of the world’s best-known cryptocurrency jumped above $17k, the level not seen since 2017. Three years ago, Bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of bitcoin issuance from miners, BTC’s market cap is higher today than it was on December 17, 2017.
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