Bitcoin (BTC) the leading cryptocurrency in terms of market capitalization is gradually moving closer to £12,130 as bulls continue dominating the market. The coin opened trading on Monday trading at £11,730 before closing the day with a downward correction to £11,624. On Tuesday, BTC made little movement and was trading at £11,594. Yesterday, the coin registered significant gains, setting an intraday high of £12,069 before experiencing some downward correction to close trading at £11,906.
At the time of writing, BTC has managed to make an upward correction to reach and surpass yesterday’s high. The coin is trading at £12,072, representing a 3.58% gain over the past 24 hours. Per data from CoinMarketCap, the coin had a trading volume of £25,333,009,087 over the past 24 hours with a market cap of £222,917,086,685.
Per analysts, BTC’s current resistance level is at £12,100. If bulls remain persistent, the coin is set to meet its next resistance at £13,034, which might be its last resistance level before retesting its all-time high (ATH) at £14,995.
BTC’s price is 80% of its ATH
According to Yassine Elmandjra, a crypto analyst BTC price is almost making a complete recovery, 692 days after the coin hit its ATH on December 17, 2017.
The analyst unveiled this news via a tweet noting,
“The price of bitcoin is now 80% of its all time high, the closest it has ever been to full recovery. Historically, it has taken 12 days on average to go from 80% recovery to full recovery.”
UPDATE: Day 692
The price of bitcoin is now 80% of its all time high, the closest it has ever been to full recovery.
Historically, it has taken 12 days on
