The price of the bitcoin till last week was set to all-time high value of $19,920.53. But the old cryptocurrency has still been struggling to break to more than the $20000 level. The reason has still remained elusive which analysis and traders have explained. According to them, there are so many sell orders which are very close to the $20000 level since some bitcoin holders are afraid of the near term, sell-offs. That price level is the particular aspect since it has been roughly where the market was top in the late 2017 rally which saw bitcoin quadruple in the price within two months only for collapsing by almost 70% within the two months.

Bitcoin is back in the market again with a high value of more than $19,000 which indeed is good news to hear. The price of the Bitcoin was out a few days back simply to retreat back to the amount of roughly $17000 which was noted on Thursday and Friday too. The co-founder Tyler Winklevoss of the crypto exchange Gemini who is also known as Bitcoin bull also said that price is likely to go more than 25 times which surely is great news. With a new record that Bitcoin has recently set a new record post the cryptocurrency volatile and snapped back over the weekend for covering from the selloff during thanksgiving.

Post the invention of Bitcoin there have been many signs that were noted. However, there were some enthusiasts who are still excited to know more about this upcoming currency which actually has become the talk of the town. However, soon people also realized the potentiality of the same. There are so many members who have been holding Bitcoin and paying with it has also turned out to be a good growth for them on a large scale.