Yesterday, Bitcoin has reached $18,000, which is close to the previous 2017 ATH. It shows the importance of Bitcoin after ATH in 2017, then suddenly collapsed, and is now back to catch up and even surpass its ATH. Bitcoin is indeed valuable, and the demand for it continues to grow. Some large companies are now adopting and allowing the buying and selling of cryptocurrencies like Paypal and Square. Now, not only big companies but also millionaires want to buy and use cryptocurrency. I think nothing can stop the continued growth of Bitcoin adoption.
The sudden price spike can be largely attributed to Bitcoin's massive rebound this year. The digital token grew 160% year-on-year, and its trading price on Monday was approximately $18,632, close to a three-year high.
[/quoteThe recent growth of altcoins has not been as fast as in 2017. Many people talked about the 4-year bull market cycle, and it seems that this is still the beginning of the next big bull market trend. When the price of Bitcoin is very stable, this may be a signal for Bitcoin traders to send out alternative currencies I have watched it many times.]
Has Bitcoin reached a record high in 2017 or set a record high? After that, Black Friday entered the cryptocurrency market. Believe it or not, Black Friday is here and you should prepare the remaining funds for shopping.
The upcoming flash rise will come from the liquidation of short orders, not demand and supply. When the impact of liquidation disappears, a flash crash will occur, or in large-scale leveraged transactions, more serious cascading effects will occur.