Bitcoin hits $ 13,000 what about the price?
The price of Bitcoin has once again exceeded weekly expectations. Having the highest close of the week. Reaching $ 13,150, news that has pleased many enthusiasts and investors who were already accumulating positions in BTC before the rise in prices.
At Trading Capital, since the arrival of Halving, we have discussed that although it was an event capable of stimulating demand, indeed the price would need time to develop.
Since March 12 of this year, the BTC has generated a growing upward trend, showing that despite the existence of supply, demand has managed to consolidate increasingly higher prices.
The consolidation of prices is undoubtedly one of the most important factors that allow one party or another to continue targeting either higher prices or lower prices as the case may be.
And it is precisely the case of the current price situation. It reaches $ 13,150 but nevertheless it must consolidate the level of the $ 12,750 marked in yellow, in order to seek higher levels.
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Alejandro Aristeguieta
CEO in Aristeguieta Capital.
Investment Firm and Financial Analysis.
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