3 reasons Bitcoin price just hit $16,000 for the first time since 2017
Bitcoin price surged past $16,000 for the first time in nearly three years, its momentum strengthening due to three main factors. The price of Bitcoin (BTC) surged past $16,000 today, Nov. 12, for the first time in nearly three years. The momentum of the dominant cryptocurrency is strengthening due to three key major factors.The main catalysts behind BTC’s rally are the non-overheated derivatives market, repeated retest of $16,000, and the $14,900 whale supply zone.The weekly chart of Bitcoin with percentage gains. Source: TradingView.comThe recent dip reset the Bitcoin derivatives market....
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