Bitcoin Hits 17-Month High Above $12.9k

Bitcoin has risen above $12,900 for the first time since Jan. 21, 2018, touching a new high for 2019 at $12,919, according to CoinDesk’s BPI data.

On June 26 at 03:00 UTC, Bitcoin broke out from a bullish pattern, rising in quick succession above $12,000 on strong momentum and high volatility. As of press time, the price has dropped back to above $12,500.

The last time bitcoin (BTC) changed hands above $12,000 in January 2018, prices were on the way down, amid the beginnings of a down trending bear market. This time, things are much different.

BTC continues to post impressive results up 40 percent in the month of June alone, while its year-to-year performance is up by more than 250 percent, according to data at Messari. io.

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