Therefore, Bitcoin experienced some major volaitilty.
Bitcoin climbed above $19,000
- Bitcoin has had an exceptional week reaching a high of $18,900 on Saturday.
- The amount of bitcoin held in reserve on exchange wallets continues to decline, suggesting a strong “HODL” mentality amongst investors.
- At the same time, the money coming into the crypto ecosystem is increasing.
- These two metrics may signal an all-time high before Christmas.
- However, given the run we’ve been on (seven straight weeks of gains) we may see prices consolidate beforehand as investors take profit.