Bitcoin, the world\u2019s top cryptocurrency to date, is continuing its price increase. After successfully establishing support zones at $17,000 and $17,500, the crypto leader aimed at the $18,000 level.According to data from Cryptobrowser.io, Bitcoin broke above $18,000 in the early hours of November 18, reaching $18,463. Shortly after the yearly high, Bitcoin saw a massive price correction, which tumbled its price below $17,500. However, with trading volumes steadily increasing, Bitcoin bounced back and is currently trading at $18,201.34, marking a 7% price increase.Source: CryptoBrowser.ioThe price increase may be far more connected to global market movements and the Asia-Pacific region, as China\u2019s de-dollarization accelerates as U.S Treasury holdings near 4-Year lows, and constant development of the DC\/EP digital yuan stablecoin. Furthermore, Chinese regulatory hurdles, which are heavily affecting one of China\u2019s biggest fintech giants \u2014 AntGroup, may not be enough for stopping AntGroup from conducting the biggest IPO in history.Meanwhile, the technical indicator picture confirms that $18,500 remains a short-term resistance for the top cryptocurrency. Despite reaching $18,500 on crypto exchanges like Binance and Coinbase, the correction was quick and BTC went below $17,600, which in turn means $18,500 is a key area of interest for sellers to defend. If Bitcoin breaches $18,500, crypto experts are certain a broader rally would be imminent.Also, the vast majority of Bitcoin, held in wallets remains profitable. According to data from IntoTheBlock, 99% of Bitcoin wallet addresses are now in a state of profit. Further, most of the crypto trading world set its eyes on eventual dips, which may be aggressively bought, resulting in further fueling Bitcoin\u2019s rise to all-time high levels.The \u201cbuy-the-dip\u201d thesis was confirmed by 10T Holdings co-founder Dan Tapiero, who is confident about Bitcoin\u2019s mid-term future.\u201cNot often in life do you get to look at a chart like this one. Bitcoin to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin, the world\u2019s top cryptocurrency to date, is continuing its price increase. After successfully establishing support zones at $17,000 and $17,500, the crypto leader aimed at [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/2743"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=2743"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/2743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=2743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=2743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=2743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}