Bitcoin Price Breaking Out To Multi-year Highs

Chart analyst • Nov 21, 2016 at 5:23 PM EST

The Bitcoin price is very close to breaking out to multi-year highs.

The Bitcoin price is very close to breaking out to multi-year highs. In June of this year, the cryptocurrency rose very sharply from 450 USD to 740 USD, after which is collapsed to 525 USD. In August, a flash crash occurred as Bitcoin fell to 460 USD.

Things became very bullish since then, and the Bitcoin price chart looks very constructive at this point. Bitcoin is trading at 735 USD at the moment of writing, which is just one percent below multi-year highs.

The first chart is the daily chart on 9 months.

(Click on image to enlarge)

bitcoin price

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