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BTC · 6d

Bitcoin network reaches an all time high as price rockets higher.

Bitcoin has been caught within the throes of an intense upswing, with buyers maintaining full control of its price action as they move to push it up towards $19,000 The strength of this latest push higher has come about as the entire market rallies in tandem, which is a tell-tale sign that the crypto market is caught in the throes of a full-fledged bull trend Where BTC trends next will likely set the tone for the entire market. Bulls must close its daily candle above $18,600 for it to extend this momentum in the near-term This comes as the Bitcoin network grows fundamentally healthy, with its utilization reaching all-time highs

Bitcoin and the aggregated crypto market have been caught in the throes of one of the most intense bull markets seen since 2017.

Not only is BTC just a hair away from setting fresh all-time highs, but the rest of the crypto market is also pushing higher in tandem.

Ethereum’s recent break above $500 has allowed the DeFi sector to race higher as well, with all the blue chip DeFi assets outperforming the aggregated market.

This isn’t an unjustified upswing either, as BTC’s network health is arguably the strongest it has ever been.

Bitcoin Pushes Towards $19,000 as Parabolic Uptrend Kicks Off

At the time of writing, Bitcoin is trading up over 4% at its current price of $18,700. This marks a massive upswing from recent lows of $17,400 set just a few days ago.

The intensity of the recent market-wide upswing is only growing stronger, with prominent voices within the traditional financial markets now shilling Bitcoin – including the Blackrock CIO.

BTC is trying to flip its previous $18,600 resistance into support. An ability to do so could allow it to see some massive momentum in the days and weeks ahead.

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