The price of Bitcoin reached $ 14,000, the highest level in 33 months, as stock market volatility increased.
According to Kevin Desk, the king of digital currencies, a few hours ago in some exchange offices was able to cross the $ 14,000 resistance barrier, setting a record of $ 14,047. This is the highest price since January 2018.
Last week, the price of Bitcoin reached the level of $ 13,880 (peak price in July 2019) but failed to break this resistance. At the time, a new wave of coronavirus outbreaks had led to increased sales pressure in stock markets and digital currency markets.
It is worth noting that despite the bitcoin price correction over the past week, support for the 13,000 area has been strong. Meanwhile, the strength of the dollar index caused the price of gold to reach its one-month low of $ 1,860. The situation for the stock markets was also very bad and they had their worst week since March.
It can be said that the correction in the price of Bitcoin to $ 13,000 and its jump to $ 14,000 (the highest price in the last 33 months) was not far off the mark. Currently, the sentiment in the market is very positive; The entry of large companies such as Square and MicroStrategy into the Bitcoin market is said to be one of the factors that has fueled positive sentiment in the market.
"Nick Cote, an analyst and trader, said in a statement:
Bitcoin is now a very good investment option for investment firms and companies.
If the price of Bitcoin can strengthen its foothold in the range of $ 13,880 and the peak price of July 2019, the next goal is to break the resistance in the area of ??$ 15,800 to $ 16,000.
Bitcoin is currently trading in the $ 13,900 range. The price of the king of digital currencies has jumped 25 percent since early October. This is the biggest jump in bitcoin since April.
