07-08-2019 22:00 via newsbtc.com

Bitcoin Price Weekly Close Above $11,500 Would Be First in Nearly 18 Months

Bitcoin price throughout 2018 was locked in a bear market and downtrend that ultimately took the price of the first-ever crypto asset to its bottom at $3,200. But during the almost 8 months of 2019, Bitcoin has been in an uptrend and is preparing to enter a bull market.
But before it gets there, Bitcoin price still needs to close a weekly candle above $11,500 – a feat it hasn’t accomplished in nearly 18 months.
Bear Market Began at $11,500, BTC Stuck Below Resistance Since
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