For the first time since September 17th, Highest daily candle for Bitcoin has closed in the last 24 days to above $20,000, and the overall cryptocurrency market has recently gained positive momentum.
In the last several days, the cryptocurrency market has returned to a more promising position. While some cryptocurrencies are posting strong increases, this had Bitcoin top $20K and even close a daily candle above the crucial milestone.
A Daily Candle for Bitcoin Closes Above $20K
The top cryptocurrency by total market capitalization closed a daily candle above $20K for the first time since September 17th. Even if it is a smaller trading range between $18K and $24K, where Bitcoin price appears to have been stalled for a long, this is one of the most crucial levels. Noting that this was the highest daily close in almost 24 days is also important.
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Despite the fact that the global macroeconomic situation is still uncertain, this is a good indicator. A important psychological and technical threshold of $20K has been reached, and if the price can hold above it, this may pave the way for more gains.
Highest daily candle for Bitcoin has closed in the last 24 days, So BTC is currently trading at over $20,100, therefore it’s vital to observe if this newly found
As seen in the chart above, the price is currently retracing after reaching almost $20,500 yesterday.
GMX is the top altcoin with daily gains of 30%.
Altcoins are also trading in the green, but most of the increases are not as big. Ripple (XRP) and Dogecoin (DOGE), two of the top 10 cryptocurrencies by market cap, are doing the best, with 3.6% and 6.2% gains, respectively.
So, GMX is the alternative coin that has done the best in the last 24 hours. The popular decentralized exchange for derivatives has seen its native token go up by 30%. This happened after Binance, the biggest cryptocurrency exchange in the world, said it would put GMX in its “innovation zone.”
On the other hand, EVMOS has lost more than 4% of its value in the last day then Bitcoin price.
It will be interesting to observe if this bullish momentum lasts or if global uncertainty causes prices to fall.
Want to Know more About BTC: en.wikipedia.org