Here’s why Bitcoin traders really want to punch through $90K
Bitcoin hit $90,000, but holding it is proving to be a challenge. Cointelegraph explains why.
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Bitcoin hit $90,000, but holding it is proving to be a challenge. Cointelegraph explains why.
Bitcoin has notched another major milestone, topping $90,000 for the first time following the election of Donald Trump as the next US president.
In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448.
Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, […]
Increasingly more analysts expect Bitcoin to breach the $100,000 mark before the end of 2024 as investor appetite was bolstered by Trump’s presidential victory.
About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358.
Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
Analysts say Bitcoin is ready to test new highs after the US elections conclude, but $70,000 needs to hold as support first.
Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
