Bitcoin (BTC) rate establishes new annual high near $ 13,000, comes across strong resistance

Number of unique daily bitcoin (BTC) wallet addresses reaches 1 million

After bitcoin (BTC) stagnated somewhat yesterday, the rate is now fast on its way to $ 13,000. With this, bitcoin rose particularly fast in 2019, something the bears had never thought possible. The bubble cracked and resulted in the crypto winter , but now bitcoin seems to come back on top.

At the time of writing, the price of bitcoin (BTC) is $ 12,628 According to CoinMarketCap after rising 11.5% in the last 24 hours. The market capitalization thus comes to $ 223.8 billion. A funny fact is that the market capitalization of bitcoin is now just as large as the market capitalization of the entire cryptocurrency market a few months ago. In short, the bitcoin bulls maintain the positive momentum!

Due to this rapid rise in bitcoin, the dominance of the cryptocurrency has risen to 61.8%. This means that the market capitalization of all cryptocurrencies together is $ 362 billion.

BTC broke out on 25 June from a rising triangle pattern. Such a pattern is often a bullish signal for an increase in the event of an outbreak. This was initially not the case, as the price remained close to the support at $ 11,200. However, the race started a new price rally at the start of last night.

In addition, it found resistance at $ 12,000, but it quickly broke through it. Bitcoin eventually set a new annual high at $ 12,940, bringing the $ 13,000 very close.

There is great resistance at the point where the price is now trading. When this price level breaks through, the next important resistance is only $ 13,600. If the price goes down, the next support will be around $ 12,000.

About Shawn Morrison 252 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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