Proceedings continued, exceeding $7,000 Bitcoin in its longest winning streak in more than a month, with this momentum it will increase more and more. There is no doubt about that.
The biggest cryptocurrency climbed as much as 4.7% on Tuesday to $7,035, as it's highest peak since 3 August, on course for the first close above its 50-day average since July, according to composite weekday prices on Bloomberg. Other cryptocurrencies like Litecoin, Ethereum are also accelerating with 3.5%. Not so bad.
In addition to breaking above the 50-day moving average, Divergence Analysis Inc.’s (DVAN) Buying and Selling Pressure indicator is also pointing higher.
As per may, 2017 the price was $1,700. Now $7,082 really in the top gear, highest since 3 August.