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The price of bitcoin [BTC] experienced a sharp increase on January 19, 2019 at 10:00 UTC. Prices have now risen by $ 110 in a few hours.
The one hour chart for Bitcoin indicates that the price candle opened at 10:00 UTC. [3:30 IST]and 15 minutes later, prices went from $ 3,624 to $ 3,728 at the time of writing.
Source: Negotiation View
It takes another 45 minutes to the candle an hour to close, with a continuous rise in prices. Bitcoin's trading volume was less than $ 5 billion a few hours ago and now stands at $ 5.3 billion.
The price of Bitcoin has so far maintained the $ 3,400 support line steadily and it does not appear that prices will soon fall below this line.
This rapid rise in Bitcoin prices will face a resistance of $ 3,778, created after the recent price decline of January 10, 2019.
The BitMEX exchange, which trades Bitcoin derivatives, indicates the Bitcoin price at $ 3,738 at the time of writing. The BTC depth chart shows that buyers and sellers are spread almost equally, which is quite shocking, as Bitcoin prices increase sporadically.
Source: BitMex
CoinMarketCap shows that the price of bitcoin over one hour, 24 hours and seven days has all increased by approximately 2.25%.
BitMEX Exchange provides the highest trading volume of its Bitcoin derivatives, as its contribution represents a total volume of $ 857 million through the BTC / USD trading pair.
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