Bitcoin trades to a new all-time high

Bitcoin has pushed to the upside and has extended to a new all-time high price at $94,000. That move has taken out the prior high price at $93,483.

• Since November 4 just before the election, the price is now up 40.81%.
• Since the swing low on August 5 (the Japan carry trade unwind day), the price is up 89.72%.
• For the trading year the price is up of 122.5% (up from $42,238 at year end)

The price of Bitcoin moved above $80K on November 10, and above $90K for the first time on November 12. The price has now traded for eight days above and below the $90K. How many more days till $100K.

This article was written by Greg Michalowski at www.forexlive.com.