BITCOIN PRICE ANALYSIS & PREDICTION (November 11) – Bitcoin Prints New High After A Major Break Out, Is $90k Next Stop?

2024-11-12 21:42

Bitcoin’s price is waxing stronger daily following the recent breakout. It reached a new milestone today, and there are no major signs of slowing down the rally. More breakups are expected amid the latest bull run.

Following a short pullback from around $73,600 in late October, which caused a little panic in the market, Bitcoin found solid ground above $66,000 and bounced back. That bounce led to a surge, and the price broke the previous all-time high to mark a new one at $81,846 today.

So far, the bulls have had an interesting ride over the past week as they now take charge. Now that negative sentiments are off the market, we can expect bigger moves to the upside in the next few days. This should come into play if Bitcoin’s demand level continues to rise daily.

Otherwise, it may initiate a short retracement to retest the previously broken all-time high as low before advancing higher. Even if the price retraces broader, the two-month rising trendline should provide support.

A drop below this support line could bring a serious setback for Bitcoin in this bullish cycle. Currently, the price looks strong and appears set to claim higher levels.

BTC’s Key Levels To Watch Source: Tradingview

Breaking through the current $81,846 high, Bitcoin may rally stronger into the $85,000 level without any hassle. The $90,000 level would be the next bulls’ target if they continue to push the price up.

If Bitcoins take a downturn this week, we can expect a pullback into the minor $77,200 support before testing $73,777 – the previous all-time high. A broader pullback may bring us into the $70,080 level before rising back.

Key Resistance Levels: $81,846, $85,000, $90,000

Key Support Levels: $77,200, $73,777, $70,080

Spot Price: $81,116 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: skorzewiak/123RF // Image Effects by Colorcinch

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 62745.86 (+0.03%)
Объем 24H $27.736b
Изменеия 24h: 1.47 %, 7d: 1.66 %
Cегодня L: $61723.46 - H: $63088.72
Капитализация $1258.31b Rank 1
Цена в час новости $ 88916.63 (-29.43%)

bitcoin major price new signs run milestone

Источник: nulltx.com

bitcoin major → Результатов: 126


Bitcoin alert: Long-term holders are shifting coins – Is a major sell-off on the horizon?

Bitcoin's spike in exchange CDD inflow has historically produced non-linear outcomes. The key factor? Market sentiment and macro liquidity trends. Bitcoin [BTC] just dipped below $75k, its lThe post Bitcoin alert: Long-term holders are shifting coins – Is a major sell-off on the horizon? appeared first on AMBCrypto.

2025-4-8 19:00


Amidst Mastercard’s Outage, Bitcoin Community Compares Its Payment Advantages

Mastercard experienced a major glitch last week, which kept their customers from charging anything on their cards. Instead, the transactions were declined. However, rather than impacting a city or even a single state, this outage had a worldwide impact, which led to a very unhappy group of users voicing their opinions on social media. Even […]

2018-7-23 09:20


Фото:

Cryptowhispers: DDoS Attacks, Major Exec in Serious Crash, Twitter Drama

Cryptowhispers explores the wildcatting world of direct denial of service (DDoS) attacks, and why the socially maladjusted tend to flock to that particular vector … especially for coin projects they hate; a popular cryptocurrency trading application executive was involved in a serious car accident on the eve of an anticipated cross promotion at Comic Con; […] The post Cryptowhispers: DDoS Attacks, Major Exec in Serious Crash, Twitter Drama appeared first on Bitcoin News.

2018-7-23 09:20


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Goldman Sachs joins Bitcoin ETF game amid surging investor demand

Goldman Sachs filed a Bitcoin ETF prospectus as the top cryptocurrency surged above $76,000, as broader risk assets also advanced on improving market sentiment. The move could add fresh momentum to a market already watching renewed institutional interest in crypto-linked products.

Nasdaq Wants to Give New ETFs a Smoother Launch Day

Nasdaq filed to include Class ETF Shares in its ETP definition, unlocking launch-day halts for better price discovery. The post Nasdaq Wants to Give New ETFs a Smoother Launch Day appeared first on BeInCrypto.

Bitcoin ETF inflows turn positive as BTC rebounds to $65K

US-listed spot Bitcoin exchange-traded funds reported positive flow on Tuesday as Bitcoin prices staged a modest recovery toward the $65,000 level. Spot Bitcoin ETFs recorded $257. 7 million in net inflows, the largest daily total since early February, according to data from SoSoValue.