Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Despite 15% gains coming during a weekend, Monday simply delivers more of the same upside for Bitcoin prior to the Wall Street opening.
Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers.
BTC price up 18% against weekly lows
Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading.
The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600 had appeared, with Bitcoin going on to deliver returns of at least 17% versus those lows.
As Cointelegraph reported, a giant $1,300 CME futures gap threatens to take the market lower, but buyers so far remain unfazed. At press time, highs above $19,200 were in progress with around half an hour to go before the start of trading on Wall Street.
BTC/USD 1-day hourly chart. Source: TradingView
"Leveling up. The crucial area around $17,800 held," Cointelegraph Markets analyst Michaël van de Poppe summarized just prior to the $19,000 move.
"Now the crucial area is $18,200 and the final breaker before ATH is the resistance around $18,600-18,900."
Should Bitcoin manage to flip that zone to support, the door remains open for another attempt at challenging $20,000. Last week, however, $19,500 provided firm resistance.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.