[2017-11-26] Bitcoin Pushing Price to All Time High, Again!

[aalfadhala]

Bitcoin never failed bull traders, as it has recorded a new all-time high of $9000 today. However, investors who held Bitcoin before August 1st are even doing better. The combined price for both Bitcoin and Bitcoin Cash is over $10,000.

Bitcoin was trading a little steady for the past few days, where a small correction of price happened. Last week, prices corrected to $8200. However, it jumped back to $8700 in less than 12 hours. It seems that the rally was driven by retail investors in Asia, as Bithumb and Bitfinex (Asia’s top exchanges) have shown high traded volume.

Source: https://coinblip.com/blog/bitcoin-pushing-price-time-high/

[1Referee]

These constant newer highs have become so common, that people are slowly but surely becoming resistant to them when it comes to their impact. Not that long ago a new all time high was a fantastic achievement, and now it's nothing more than okay, another all time high, up to the next one. At this point we're very close to the $10K level, which seems to be a mental point where the market could take a temporary dive, perhaps all the way to lower $7000's, which if you think about it, isn't that bad after all. It must be tough to see the market only go up if you have cashed out at way lower levels, and since then are waiting for the market to come back down again. Just shows that holders are once again the real winners here.