{"id":392502,"date":"2019-08-08T11:00:59","date_gmt":"2019-08-08T11:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=392502"},"modified":"2024-06-11T12:32:40","modified_gmt":"2024-06-11T12:32:40","slug":"once-bitcoin-price-closes-month-above-14000-btc-may-never-look-back","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/once-bitcoin-price-closes-month-above-14000-btc-may-never-look-back\/","title":{"rendered":"Once Bitcoin Price Closes Month Above $14,000, BTC May “Never Look Back”"},"content":{"rendered":"

After entering a month-long lull, the Bitcoin (BTC) price has begun surging yet again. As of the time of writing this, the cryptocurrency is trading at $12,000, having managed to reclaim that key level after some tumult.<\/p>\n

Related Reading: Despite Bitcoin \u201cGold 2.0\u201d Narrative, Long-Term Correlation With Gold Remains Loose<\/a><\/h6>\n

$12,000 is, of course, still $2,000 lower than Bitcoin’s year-to-date highs of $14,000. Regardless, industry sentiment is still running high, as investors await a surge to fresh all-time highs in the coming months and year.<\/p>\n

Bitcoin All-Time Highs in Sight<\/strong><\/h2>\n

Bitcoin has had a stellar 2019 so far. Since bottoming at $3,150, the asset has rallied by nearly $10,000, outpacing any other serious asset class, forcing the world to take notice of crypto assets.<\/p>\n

According to Nunya Bizniz, a prominent analyst that focuses on long-term trends and patterns in BTC’s chart, Bitcoin is one step away from achieving a fresh all-time high.<\/p>\n

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Every Sat that can be stacked and hodl'd below $14K is a gift. <\/p>\n

Once Bitcoin has a monthly close above $14K there's a good chance it never looks back. pic.twitter.com\/cm7BRE2nJY<\/a><\/p>\n

— Nunya Bizniz (@Pladizow) August 7, 2019<\/a><\/p><\/blockquote>\n