Despite the 15% gains produced over the weekend, Monday offers more of the same for Bitcoin than before the opening of Wall Street.
The price of Bitcoin (BTC) returned to $19,000 on November 30, as a weekend surge continued to produce further gains for investors and traders.
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Data from Cointelegraph Markets and Bitcoin Formula TradingView showed that the BTC/USD pair took another key psychological level during Monday’s trading.
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The weekend had already produced a big lead for the pair, which at the end of last week plunged to $16,300. Early Monday it rose to $18,600, and Bitcoin offered returns of at least 17% from those lows.
As Cointelegraph reported, a giant $1,300 gap in WEC futures threatens to drive the market lower, but buyers so far are not fazed. At the time of publication, highs were occurring above $19,200 approximately half an hour before Wall Street trading began.
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BTC/USD hourly chart. Source: TradingView
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„Moving up a level. The crucial area around $17,800 remained,“ summarized Cointelegraph Markets analyst Michaël van de Poppe just before the $19,000 move.
„Now the crucial area is $18,200 and the last break before the ATH is the resistance around $18,600-18,900“.