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Assessments / Blog


2017-11-28
Crypto News


BITCOIN

Bitcoin hit a record high of over $9,700 Yesterday, bringing it close to the psychologically important $10,000 milestone. It has been an amazing year for the cryptocurrency — from January of 2017 to November, its market valuation increased from less than $15 billion to $156 billion, the last boost was driven by investor interest around Thanksgiving and Black Friday shopping.

 As bitcoin slowly creeps toward $10,000 per BTC, people are starting to question where the high really will be. It is nearly at the top of the channel at $10400. If it continues on this path with the current momentum, we should see the $10000 plus level today. Expect some profit taking at this historic level.

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