Bitcoin (BTC) Prices Up 25% In The Last 24 Hours - What's Driving The Rally?

Bitcoin is at the move. The cryptocurrency has risen extra than 50 percentage during the last 3 months. Its cost has multiplied through extra than $10,000 considering that its all-time excessive of $69,000 set in December.

Bitcoin is now buying and selling at around $16,000. The virtual forex has surged a ways past its vintage aid stages and is calling to interrupt thru a key transferring common that has stood unchallenged considering that earlier than its $69,000 all-time highs in a wild few days of heterosexual BTC rate gains.

The contemporary resistance degree is likewise close to or above different key transferring averages which have been appearing as resistance for longer than Bitcoin have been above them earlier than. One of these key stages stands at $16,500 at the same time as the opposite lies at $17,500 — each of which had been formerly crossed through Bitcoin in 2017 as well.