Bitcoin has woken up on Wednesday as if turbo-charged. The king of the cryptocurrencies is rampaging towards the all-time-high at $69,000. Can it get there? Will it go beyond?
A cycle like no other
Seemingly set on making an all-time-high before the halving in April, $BTC is in an absolute frenzy. Currently at over $59,000, the price is just not stopping. $60,000 seems a foregone conclusion, but then what?
Arguably, the number one tenet in trading is that “the trend is your friend until the end”. It can’t be denied that the $BTC trend is still upward, and despite leverage levels becoming extremely overheated, there is not much in the way of bearishness to mention.
What can’t be repudiated is that this bitcoin cycle is like no other before. It would also appear to be the institutional buying that has completely shocked and changed the market. Such buying pressure at what is normally an early stage of the bull market, is totally unprecedented.
Therefore, it is probab
We współpracy z: https://cryptodaily.co.uk/2024/02/bitcoin-btc-rampages-towards-all-time-high
