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Home / Business / Bitcoin price reached 14,500 USD, the highest level since January 2018

Bitcoin price reached 14,500 USD, the highest level since January 2018



Bitcoin (BTC) hit $ 14,500 for the first time since early January 2018 on November 5 when critical support was held at $ 14,000.

BTC price maintained the $ 14,000 support

Data from Cointelegraph Markets and TradingView show that Bitcoin’s gain continued in Thursday trading, amid market tension over US election results.

At press time, a high of $ 14,560 has appeared on major exchange Bitstamp, with BTC / USD then back to fluctuate around $ 14,500 amid volatile conditions.

1-day BTC / USD chart. Source: TradingView

The pair̵

7;s daily gains stood at 6.5% as the chaotic election made solid gains for both Bitcoin and the traditional safe-haven gold.

Meanwhile, Cointelegraph Markets analyst Keith Wareing has identified a key resistance level that needs to be overcome to block Bitcoin’s path higher.

“Wait for Bitcoin to break $ 14,400 or be rejected. For me, this is a must-get through before a relatively obvious rise to $ 17K, ”he summed up late on Wednesday.

The next major resistance level, however, is currently at $ 14,500, as can be seen in the order book heat map below.

The order window heat map shows the $ 14,500 resistance level. Source: TensorCharts

“I’m looking at something here in the 1 hour timeframe on the Bitcoin chart,” the popular social media trader “The Moon” tweeted earlier today, continuing:

“If we break out of $ 14,500, then we could see another big candle go up.”