Bitcoin (BTCUSD) Surpasses All-Time High, Gears Higher
Login

Bitcoin (BTCUSD) Surpasses All-Time High, Gears Higher

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


BTCUSD Surpasses the $69,000 Price Level

BTCUSD surpasses its all-time high at $69,000 by achieving a remarkable surge and signaling potential for further upward movement. With an impressive 80% price increase this year, Bitcoin has navigated barriers while approaching the upcoming halving event and overcoming hurdles that often involved brief accumulation periods before breaking through.

BTCUSD Key Levels

Supply Levels: $75,000, $73,000
Demand Levels: $69,000, 64,000

Bitcoin (BTCUSD) Surpasses All-Time High, Gearing for Further Growth

As of the latest update, Bitcoin has exceeded $71,000 and is hovering near the $73,000 significant level. A strategic approach, involving price accumulation resembling a triangle pattern, might propel the coin to new heights if it successfully weakens the $73,000 key level, potentially reaching $75,000 and establishing another record.

The surge in price corresponds with heightened market volatility, evident in the Average True Range (ATR) indicator. Even during periods of hindrance, volatility experienced only a slight dip before resuming an upward trajectory. Bulls maintain a strong grip on the market, as indicated by the Stochastic Oscillator lines consistently residing in the overbought region since late January.

Bitcoin (BTCUSD) Surpasses All-Time High, Gearing for Further Growth

Market Expectations

On the 4-hour timeframe, the impact of price accumulation is evident in the indicators. A drop in market volatility, as indicated by ATR, aligns with the accumulation phase. Stochastic Oscillator lines fluctuate around the overbought border and the 50 mark, underscoring continued bullish strength. and further upward movement. These crypto signals contribute to the overall narrative, signaling a probable breach of the $73,000 level and further upward movement.

How To Buy Lucky Block

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News