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Strongest-Ever Bitcoin Price Streak Hits Record 81 Days Above $ 9,000 – CCN Markets, Crypto Coins News

Strongest-Ever Bitcoin Price Streak Hits Record 81 Days Above $ 9,000 – CCN Markets, Crypto Coins News


Bitcoin, bitcoin price

In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $ 9000. | Source: Shutterstock

The bitcoin price has held above $ 9, 000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high, the price is arguably stronger and more resilient than ever as it consolidates around $ 10, 000.

Bitcoin price chart above $9,000

The bitcoin price has held above $ 9, 000 for 81 days, longer than the epic bitcoin ‘bubble’ of 2017. Source: CoinMarketCap / CCN

As bitcoin trader, known as Mr Anderson, pointed out, holding above $ 9, 000 for this long shows a maturing market forming a strong foundation.

$ BTCStability?

A more mature$ BTCis showing better resiliency on this most recent price discovery attempt

BTC has spent 79 days above $ 9k (longest ever) & in doing so it has a much stronger Dynamic look

BEARS must get prices below $ 10 .2 to prevent feeding the Bull

SEE CHARTpic.twitter.com/wjKzI4eggo

– Mr. Anderson (@TrueCrypto 28)September 4, 2019

Bitcoin price above $ 9, 000 for record period

Back in 2017, the bitcoin price soared from less than $ 1, 000 to its all-time high of (near $) , 000. But the move was volatile and erratic. It only held above $ 9k for (days) between November 26 th, 2017 – February 2nd, 2018) as it entered a wild price discovery phase.

This time around, the bitcoin price has grown to $ 9, 000 with a much stronger base. It has accumulated significantly more foundational strength. In the resurgent bull rally, it crossed $ 9, 000 on June 16 th, 2019 and has yet to dip below.

Holding out for a break into the $ 8, 000 s?

AsCCN reported, many in the crypto community have been holding out for a break down back to $ 8, 000 before buying up more BTC. But the chances of this happening grow thinner by the day as the bitcoin price extends its record period above $ 9, 000.

You may feel silly for buying Bitcoin above $ (k)

But that feeling will soon fade

The only ppl who will feel silly are the ones with empty bags still waiting to buy “the bottom” …

IMO, Bitcoin hits new yearly highs before the end of 2019

Stay encouraged, patience is key

– Josh Rager @ (@Josh_Rager)August 16, 2019

Waiting to ‘buy the bottom’ is a dangerous game when all signs point to the slow accumulation of capital at this level. AsCCN reported yesterday, bitcoin’s monthly lows paint a picture of steady accumulation through 2019, an upward trend that has yet to be broken.

“Bitcoin 2019 monthly lows show how strong this bull will be. This isn’t a few months of 2017 gamble mania anymore. This is a store of value in the making. This is just the beginning. ”- Misir Mahmudov

Clickherefor a real-time bitcoin price chart.

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