Is history about to repeat itself? Bitcoin bulls will find this out soon
This current breakout to new all-time highs has very similar price action to the February 2017 breakout .A similar scenario is unfolding right now, with the flagship cryptocurrency seemingly gearing up for another rally under the $68,000 level.In 2020, Bitcoin went on to hit a new record peak just months after the breakout, and it then tripled in price in just two months.
Bitcoin is currently trading at $67,723, according to data provided by cryptocurrency tracking site CoinGecko. The flagship coin is valued at $1.3 trillion. In late March, Bitcoin attempted to gain a footing above the $70,000 level, but that attempt was unsuccessful. The largest cryptocurrency is still down more than 8% from its current all-time high of $73,737 that was achieved in mid-March.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
XRP Really Needs That Breakout, Ethereum (ETH) Is Hiding Something, Nothing Stops Bitcoin (BTC) Before $71,000Market is coming closer to substantial price level that should decide market's foreseeable future
続きを読む »
Bitcoin misses key resistance flip as BTC price falls below $68KBitcoin continues to range after BTC price stages another failed breakout past $70,000.
続きを読む »
Cryptocurrencies Price Prediction: Bitcoin, Ondo & ShibaBitcoin/ U.S. dollar (BTC/USD) trading strategy: Overall, Bitcoin is still in an uptrend.
続きを読む »
Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
続きを読む »
Bitcoin Price Alert: 273,000 BTC Held at Key Bitcoin Supply RangeBitcoin reached highs of $71,980 before encountering resistance
続きを読む »
Bitcoin futures open interest reaches a 16-month high: $70,000 granted?Bitcoin primed to retest $70,000 as BTC futures open interest soar past $34 billion.
続きを読む »