After Tuesday’s test of round level 800.00, Bitcoin (valuation by the stock exchange Bitstamp) price was on December 22, clearly above the round area. At the time of preparing the analysis for one Bitcoin we pay almost $ 810.
BTC on highest level since February 2014
Looking at the chart of BTC in historical perspective we see that quotations from the beginning of October record virtually uninterrupted sessions of gains, which helped overcome the previous year’s highs at 780.00, placing price of popular cryptocurrency on highest level since February 2014:
Looking at the daily chart you will notice that the quotation BTC/USD evidently respect Fibonacci levels stretched to the depreciation of the last few years, which has pushed the price of Bitcoin below level 200USD. What failed in June this year, was finalized in December – this refers to defeat of abolition 61.8% Fibo at a height of 779.10, allowing further growth.