Bitcoin Could Rally to an All-Time High if It Hits One Key Level
Bitcoin could be on the cusp of posting a move to fresh all-time highs if it can close its monthly candle today above one critical level. The benchmark cryptocurrency has been caught within the throes of an intense uptrend throughout the past several days and weeks, with each selloff being fleeting and followed by it […]
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Bitcoin has pierced above the $20,000 level for the first time in history. The flagship cryptocurrency logged a surprising upside rally in the pre-market New York trading session Wednesday, hitting an all-time high of $20,822 before turning lower modestly. Analysts said it got the bullish boost from institutional capital’s arrival into the crypto space as […]
A pause in the Bitcoin price rally has created room for other alternative cryptocurrencies to take over the bull trend. AAVE is leading the pack by logging maximum gains. The decentralized finance token surged by as much as 128 percent in five consecutive winning sessions, hitting $56.21, a level it last touched three weeks ago. […]
Ethereum extended rally and traded to a new all-time high above $4,800 against the US Dollar. ETH could continue to rise above $4,900 and $5,000 in the near term. Ethereum gained pace above the $4,650 and $4,750 resistance levels. The price is now trading above $4,750 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally above the $4,850 resistance in the near term. Ethereum Price Aims More Upsides Ethereum started a fresh increase above the $4,550....
Bitcoin price has impressively held the $17,200 support level putting its all-time high once again within reach. Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months. What's more, since March, BTC/USD has gained almost 400%, making it the best-performing asset of 2020 and likely catching many investors completely by surprise.Let's take a look at the charts to see whether the current rally is sustainable and if a reversal should be expected in the near term. Bitcoin hits 1.618....
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.