On 24 November Bitcoin recorded its second highest price ever.
Bitcoin (BTC) is currently at its second highest level ever. The BTC/USD pair has reached a new multi-year high of $19,330.
Data from Cointelegraph Markets and TradingView show that Bitcoin broke through resistance at $19,000 on 24 November.
BTC price: second best day ever
The rapid growth and approaching all-time high of $20,000 was also commented by celebrities from the Bitcoin sector.
Ryan Selkis, the founder of the data website Messari, explained that Bitcoin had only exceeded $19,000 in one day in its past.
In addition, the largest crypto currency was now over US$10,000 for 283 days. This was also a record for the year 2020.
“Will we reach 20,000 US dollars today?” said Selkis.
Best month ever
In the meantime, Bitcoin has grown more than in any month in its history, data indicate. In a tweet on 24 November, analyst PlanB stressed that the last three and a half weeks have been different from any other period in Bitcoin’s life.
The largest crypto currency continued to climb on Tuesday, after testing another $18,000. In less than 24 hours, it gained over $1,300.
For PlanB, this development indicates that Bitcoin would achieve even greater growth in the near future. The reason for this was the RSI, which is gradually entering a zone that signals a long term upward trend in the Bitcoin price.
“Slowly but surely this looks like the beginning of a bull market,” said PlanB.
“Best #Bitcoin month ever in US dollars (+ 5400 US dollars) and RSI is climbing to bull market level”.
As Cointelegraph reported, PlanB stated that the RSI was strong in early November. There was no evidence that Bitcoin, despite its growth, was overbought.
At the time of going to press, the BTC/USD pair was only 2.4 percent below its historic all-time high, as confirmed by data from Bitstamp.