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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

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    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Bitcoin Price Sets New All-Time High Above $65,000

2021-10-20
in Analysis
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Bitcoin Price Sets New All-Time High Above $65,000
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Bitcoin worth has achieved it and made a better excessive, setting a brand new all-time excessive file above $65,000 in accordance with a number of exchanges and the TradingView BTCUSD Index.

What precisely does this imply for the first-ever cryptocurrency and the present market cycle? Learn on to search out out.

Bitcoin Worth Units New Report ATH Above $65,000

The primary ranked cryptocurrency by market cap has simply set one other main milestone, and confirmed to the market that the bull cycle isn’t but completed. It additionally implies that the April 2021 “prime” was nothing greater than a mid-cycle pullback earlier than the coin reached its remaining vacation spot goal nearer to $100,000 or larger.

Associated Studying | Bitcoin “Supertrend” Begins As Purchase Alerts Stack On All Main Timeframes

Targets for the cryptocurrency attain as excessive as a number of hundred 1000’s per coin on the conclusion of this cycle. Future estimates have reached as a lot as $10 million per BTC primarily based on the stock-to-flow mannequin.

The latest Bitcoin ETF approval ended any second guessing or hypothesis over whether or not or not the bull market had ended, or if a bear market had started. Bear markets don’t have lifeless cat bounces that result in new all-time highs. The upper excessive additionally retains the uptrend in tact by the pure definition of the time period.

BTCUSD_2021-10-20_09-50-29

There you've gotten it, of us: A brand new all-time excessive is about. The place does it finish? | Supply: BTCUSD on TradingView.com

BTC Again In Worth Discovery, What Occurs Subsequent?

Technicals have instructed this push larger was coming. The month-to-month Bitcoin RSI is again within the bull zone, and most different technical indicators are leaning bullish on excessive timeframes. What has thrown many market individuals off, has been an overheated technical image on the each day that’s closely dominated by the upper timeframe indicators.

Associated Studying | Bitcoin Worth Prepares To Blast Off Again Into RSI “Bull Zone”

With no resistance above, the market will probably be much less prone to promote or go quick, as a result of there isn’t a telling how excessive Bitcoin worth might go from right here. Every successive peak will trigger the identical wide-sweeping query if the highest is in, till it’s.

This might make for a remaining leg up that strikes quicker than most expect, with only a few or restricted pullbacks to purchase in. What’s worse, is that the ultimate leg of a bull run normally does imply a bear market is coming, and is because of arrive the second the precise peak is in.

Comply with @TonySpilotroBTC on Twitter or be a part of the TonyTradesBTC Telegram for unique each day market insights and technical evaluation training. Please notice: Content material is instructional and shouldn’t be thought of funding recommendation.

Featured picture from iStockPhoto, Charts from TradingView.com



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