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$11,381: Bitcoin Price Bulldozes to New 2019 High; All-Time High Next?

Joseph Young
Updated
Bitcoin price climbs to a new high before the end of H1 2019 as analysts predict the bull momentum to break it's all-time high. | Source: Shutterstock
Bitcoin price climbs to a new high before the end of H1 2019 as analysts predict the bull momentum to break it's all-time high. | Source: Shutterstock

The bitcoin price has surged to a new 2019 high once again at $11,381 less than 24 hours after climbing to $11,200 on June 24.

The bitcoin price has increased from $9,200 to $11,381 in the past week, up 4 percent on the day
The bitcoin price has increased from $9,200 to $11,381 in the past week, up 4 percent on the day

The bitcoin price has increased from $9,200 to $11,381 in the past week, up 4 percent on the day (source: coinmarketcap.com)

Analysts like Fundstrat’s Thomas Lee, RT host Max Keiser, and technical analyst Peter Brandt foresee the bitcoin price reclaiming its all-time high at $20,000 in the near term as the dominant crypto asset continues to see its momentum strengthened.

Where is the ceiling for bitcoin?

According to David Puell, the Head of Research at Adaptive Fund, strong resistance for bitcoin can be found at the $13,800 to $13,900 range.

There exists a possibility that the asset may consolidate as it reaches that range considering the lack of resistance between the current level to the $13,900 mark.

Read the full story on CCN.com.