Bitcoin Price Parabolic Advance Continues Past $12,000

Bitcoin is soaring past $12,000 for the first time since January 2018.

Bitcoin price has continued its rapid growth and on June 26 it hit $12,000 for the first time in over a year, according to Coin360.

Market visualization courtesy of Coin360

Bitcoin (BTC) breached the $12,000 level early this morning after mostly trading horizontally in the $13,000-$4,000 range for the first months of the year. Press time bitcoin is trading at $12500, after having increased its value 11% over the last 24 hours.

Bitcoin 1-year price chart. Source: Coin360

As Cointelegraph reported at the time, one June 22 BTC crossed the $11,000 line in under 24 hours after breaking $10,000. Earlier this week professional trader Peter Brandt also tweeted that bitcoin’s price is currently taking aim at $100,000 target. According to him, bitcoin is currently on its fourth parabolic growth phase, and “is a market like no other.” 

The founder and CEO of Digital Currency Group argued earlier this month that it “looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring,” in an interview with Bloomberg.

Also on June 22, Ethereum (ETH) hit its 10 months high after on June 21 news broke that Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is now available for trading on OTC Markets.


If you have other interesting news about this topic or other cryptocurrency news please let us know. Don’t forget to view our useful bitcoin videos collection to learn more about Bitcoin and Blockchain.

You’re invited to share your opinion about this news “Bitcoin Price Parabolic Advance Continues Past $12,000” by adding your comment bellow. Let’s keep this discussion civilized with a non-offensive language.

Tags: crypto newscryptocurrency news


Passionate about Crypto-Currencies and Bitcoin enthusiast. Oliver is an Editor on Crypto Cool News.

Add Your Comment