Bitcoin Hits Record Levels Above $41K; Massive Corrections Ahead?
Bitcoin looked to end its first official week on a strong note as its price claimed another record high this Friday. The benchmark cryptocurrency soared above $41,000 for the first time since its inception, hitting an all-time peak of $41,499 before correcting lower. Its gains appeared shortly after the European equities reported profits in early […]
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Bitcoin has become too expensive to purchase following its wild run-up above $37,500 this Thursday. But the cryptocurrency still provides attractive buying opportunities with lower risk profiles. Investment consultants at TradingShot provided a fractal-based outlook of Bitcoin’s previous parabolic move in 2017 and the price corrections that appeared during the period. They spotted buying patterns around certain technical support levels—provided by a group of moving average waves—that sent prices to new highs after each retest. […]
The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors.
Twitter interprets today’s massive price action, as bitcoin smashes through $15,000, its highest price since 2017’s record-breaking run.
Ethereum (ETH) reached levels it last tested in January 2018 as a less volatile Bitcoin kept creating upside opportunities in the $105 billion altcoin market. The second-largest cryptocurrency (by market cap) surged by roughly 10 percent on Monday to hit an intraday peak level of $1,391.82. Its rally appeared in absence of any concrete catalysts, prompting observers to call the move entirely speculative. Meanwhile, some also noted that the coin merely benefited from a lack […]
Mining companies are soaring as bitcoin hits record highs.