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What is the price of Bitcoin

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What is the price of Bitcoin

What is the price of Bitcoin? What is the price of Bitcoin The most exciting news in the coin industry this morning was the sudden surge in Bitcoin. According to Coindesk, in the early morning of May 12th, the price of BTC increased from $29000 to a maximum of around $33000, an increase of over 100%; In the following days, as the market became increasingly interested in BTC, it began to decline again. But this trend is not as crazy as before As of the deadline for publication, Bitcoin was still in a high consolidation stage, with intense game between long and short sides. Some investors believe that Bitcoin has reached the peak of a bull market or the bottom of a bear market; Some people are concerned about major changes and potential risk events in the future, so they have decided to continue lowering their positions to protect their own interests. So we need to emphasize again, what price point is Bitcoin For the current situation, many people are still concerned. If you can see a rapid increase in price within one minute, it means that buying long becomes very easy. However, it should be noted that Bitcoin has been continuously breaking through resistance levels and is still operating on an upward trend. So, whether it’s a short-term rally or a long-term sideways consolidation, it’s worth being cautious. Both the 1-hour and 4-hour levels show a clear upward trend, and it is expected to continue the volatile trend in the short term. However, overall, the recent rebound is relatively small. If we can stabilize above the 30000 35000 range (as shown in the figure), we are expected to break this situation

What is the starting price of Bitcoin

According to Coincryptorama, Bitcoin prices have been on an upward trend since December 2017. In early March 2019, there was a significant increase when the price reached $20000. In October 2017, when prices approached a high of $14000, they reached a historic high. A similar situation occurred in the third and fourth quarters of 2018, when the price was approximately $13100. As prices continue to increase, this phenomenon will gradually disappear. But now the situation is exactly the opposite: Bitcoin prices have entered a period of high consolidation, does this mean that the market has started?

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