The price of the Bitcoin has already crossed $22K for the Very First Time which is why it is now in uncharted waters for sure. Bitcoin since is now heading for the north as from two price hurdles it has already crossed and is all set to make a new record of an all-time high. The price of the first cryptocurrency has been in the news since it rose more than $22,000 for the very first time. It literally has now anchored at $21,300 for some hours at the early hours of trading. Besides the bell-weather price of cryptocurrency is also changing hands for nearly $22,150.

Bitcoin has been in the range between $19,316 and $22,181 for quite some time in 24 hours of the span. It seems worth out since there have been comments about the price been made that it shall soon be reaching six figures. For Bitcoin, the weather seems to be quite nice as the analysis since the period profit-taking is not on the horizon yet. Since $22,000 is a flag of green which is on the way for another psychological level at the pricing of $25000 of the range before the end of the year.

There have been sell orders for more than $22,000 appearing in the vision. As per CryptoQuant CEO Ki-Young Ju, if the riders are focused on the major exchanges, it is quite difficult to see the huge sell walls of more than $22000 for now at least. However, ether has also increased to $650 which is a new height that may not be noticed since May 201. XRP for now which is the fourth-largest cryptocurrency is also changing hands at around the price of $0.57.

Shivangi Mujumdar

CBW - External Analyst

INDIA