Why Bitcoin price just hit $19,000 for the first time in 3 years

The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. Three key reasons are behind the dominant cryptocurrency’s strong momentum.

The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.

BTC/USD weekly chart (Bitstamp). Source: Tradingview

Whales are still accumulating Bitcoin

All throughout November, Cointelegraph reported that whale clusters were steadily forming as…


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