![]() While the new all-time high levels did not hold this time, the overall strong volume is a good indicator of the bull run not being over yet.īitcoin faces strong resistance above the $34,800 level, but has no strong support before $30,840.īTC/USD daily price chart. Taking a look at the daily chart, the largest cryptocurrency by market cap reacted positively to the hammer candle, posting one large green candle right next to it, as well as reaching new all-time highs the day after. On the other hand, LTC gained 28.60% in the same period.Īt the time of writing, BTC is trading for $34,620, representing a price increase of 62.14% compared to the previous month’s value. ![]() BTC managed to score weekly gains of 19.43%, while ETH managed to gain a whopping 52.79%. This uptick in price might have come as a result of the US Office of the Comptroller of the Currency publishing guidance enabling federally chartered banks to use stablecoins as well as public blockchains for settlement.īitcoin’s overall outlook is incredibly bullish, but some analysts are calling for a “much-needed” retracement. However, bears reached the point of exhaustion, and the price pulled back to sub-35,000 levels, right under the previous all-time high of $34,800. The largest cryptocurrency by market cap has continued its bull run, creating a new all-time high of $35,879 at one point. ![]() Bitcoin (BTC) has created a new all-time high right below $36k, but quickly retraced to sub-35k levels ![]()
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