The price of Bitcoin continues its positive rise, as it managed yesterday to achieve and reach the level of $16,000, which is a record for the price of Bitcoin in 2020.

With this recent increase in the price of Bitcoin and its comparison with the price of Bitcoin in March, the month in which the Corona virus was announced as a global pandemic, we find that Bitcoin rose by more than 325%.

Excitement and anticipation are growing in the crypto community who are wondering how far Bitcoin can rise during this bullish wave that started in March 2020.

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How much is left to reach the historic summit?

As it is known, the highest price of Bitcoin was at the level of $ 20,000, which was recorded at the end of 2017.

At the time of writing this article, Bitcoin is only 25% away from its previous high recorded at the end of 2017.

The Kraken platform for cryptocurrency trading has been released her report Monthly for the month of October, this report came as an indication that the current month of November was very volatile and that the price might start to rise to an all-time high.

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So far Bitcoin is continuing in its bullish channel, meanwhile, Bitcoin dominance appears to have increased during this recent rally, which means that the altcoins have failed to gain some attention and increase in value as well.

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