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Bitcoin Has Started Recording Upward Price Movements, Gaining Rising Momentum Again!

Bitcoin gained an upward momentum again and managed to overcome important resistance levels with its value increases.

Bitcoin Has Started Recording Upward Price Movements, Gaining Rising Momentum Again!

The leading cryptocurrency , Bitcoin , recorded upward price movements in the first hours of Monday, November 15, reaching price levels of $ 66,000.

Bitcoin Continues High Volatility Price Movements

Bitcoin , which has recorded high volatility price movements in recent months , continued these price movements in November. Although Bitcoin reached an all-time high by rising to price levels of $ 69,000, it started to record downward price movements with the news of Evergrande bankruptcy that spread in a short time. The leading cryptocurrency, which fell from the price levels of $ 69,000 to the price levels of $ 63,000, consolidated at the levels it was at for a while. However, with the upward movements that started in the early hours of November 15, 2021, Bitcoin gained an upward momentum again and started to record value increases.

Upward Price Movements Recorded in the Early Hours of the Day

Bitcoin
Bitcoin USD Chart

Consolidating for a while since its last drop, Bitcoin regained some bullish momentum earlier in the day and recorded upward price movements. With the value increases that started from the price levels of $ 63,000, Bitcoin reached the price levels of $ 66,200 and managed to recover the value losses recorded in the last week to a large extent. Although it regressed slightly from the price levels of $ 66,200 and regressed to $ 65,700, the leading cryptocurrency made its weekly close at a very important level at the end of a critical week.

The information contained in this article does not constitute investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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