Bitcoin surprised everyone on November 10th when the price suddenly hit a new all-time high. The move also coincided with news that US inflation hit a 30-year high in October, the Wall Street Journal reported.
BTC 1-Hour Candlestick Chart (Bitstamp) | Source: TradingView
Data from TradingView captured the rapid movement of BTC, which skyrocketed to $ 2,000 in just 45 minutes.
Along with many other similar moves over the past few weeks, Bitcoin has not only reversed its short-term downtrend, but also surpassed its previous record high of $ 68,564.
Dealer Michaël van de Poppe soon too To update New ATH for followers:
“New all-time high”.
At the time of writing, volatility is still ongoing as price has broken the $ 69,000 mark and is heading towards the key psychological level of $ 70,000.
Traders watch this level with the belief that any correction in the meantime will lead to a new uptrend.
The famous dealer Pentoshi updates the situation:
“Continuous increase. No declines, favorable trends for BTC and ETH since 40,700 USD with a little consolidation phase. Will the bear appear? “
The attached graphic shows the $ 40,000 region as a possible “last drop”, with Bitcoin currently in pricing mode.
BTC Price Chart | The source: Pentoshi
ETH, BNB and XRP have also reversed the downtrend as sentiment changes rapidly during the day.
Following in the footsteps of Bitcoin, ETH hit a new all-time high of $ 4,878 – and is getting closer and closer to the $ 5,000 mark.
ETH price chart 1 hour (Bitstamp) | Source: TradingView
U.S. markets remain open at press time, and traders are keeping an eye on Tesla (TSLA) after Tuesday’s sell-off hit crypto markets badly.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
At home at home
According to Cointelegraph
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
Despite the initial Runes protocol fee hype, activity on the protocol has seen a noticeable…
Bitcoin ETFs holding is close to 950,000, equivalent to 4.5% of total supply, with U.S.…
LayerZero Sybil user analysis revealed, CEO said that out of 6M users, just 400k-600k are…
Linea LXP distribution was paused due to Sybil activity, collaborating with PoH issuers to address…
According to DLNews, The SEC might reject Ethereum spot ETFs until 2025 due to regulatory…
According to Scopescan monitoring, a recent transaction involving an address linked to Amber Group has…
This website uses cookies.