BREAKING: Bitcoin Hits New All-Time High, Surging Past $70,000 For The First Time In History

2024-3-9 18:56

Bitcoin (BTC), the dominant cryptocurrency, has made history by briefly breaking its consolidation phase and reaching an all-time high of $70,000. Despite encountering resistance near this level, Bitcoin’s market capitalization has reached $1.3 trillion, showcasing its continued upward momentum. 

However, as the cryptocurrency faces a double top in the same price zone after almost three years, it must overcome a significant hurdle to consolidate above $69,000 and pave the way for further price gains.

Bitcoin Sets New Record 

In the past 24 hours, Bitcoin experienced a 2% uptrend, propelling it to breach the $70,000 milestone for the first time. The cryptocurrency had previously reached $69,300 on Tuesday, indicating the growing strength of its upward trajectory. However, the $69,000 mark has proven to be a formidable resistance level, leading to increased volatility once breached.

The double-top formation in this price zone over a three-year period adds further complexity to Bitcoin’s consolidation efforts. Breaking through this resistance is crucial for Bitcoin to establish a solid foundation for future price gains and sustainably consolidate above $70,000.

The success of Bitcoin spot exchange-traded funds (ETFs) within a short span of two months has bolstered investor confidence and generated anticipation for future price appreciation. 

With investors betting on Bitcoin’s long-term prospects, it appears to be only a matter of time before the cryptocurrency overcomes its current resistance level and continues its upward trajectory. This positive sentiment provides a favorable backdrop for Bitcoin’s potential breakthrough.

Following its brief touch of $70,000, Bitcoin experienced a rapid retracement to the $68,000 level. The timing and extent of its consolidation above the resistance mark remain uncertain. However, market observers are closely monitoring Bitcoin’s performance, anticipating a potential breakthrough that could fuel additional price gains.

Featured image from Shutterstock, chart from TradingView.com 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 75109.45 (+0.33%)
Объем 24H $68.603b
Изменеия 24h: 0.89 %, 7d: 4.06 %
Cегодня L: $74544.69 - H: $76122.08
Капитализация $1485.341b Rank 1
Цена в час новости $ 68398.05 (9.81%)

bitcoin breaking history high all-time despite encountering

Источник: newsbtc.com

bitcoin breaking → Результатов: 126


Фото:

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday.

2020-2-29 03:20


Crypto Twitter Analysts Predict Bitcoin To Hit $8,200 and Lower

Bitcoin price slid away from $10,000 over the weekend inviting renewed predictions of how low the price could go if the correction continues. Bitcoin Broke Toward $9,500, Resparking Deep Correction Fears Bitcoin has started breaking below support levels, most recently crashing below $9,700, as previous price levels once again turn into areas of resistance.

2020-2-18 20:00


Фото:

Will Litecoin Manage to Maintain its Bullish Momentum?

On Feb 16, the Litecoin price underwent a rapid price decrease. However, it is still trading above significant support areas and its long-term outlook remains bullish. Cryptocurrency swing trader @PostyXBT posted a Litecoin chart showing that while the price was initially successful in breaking through resistance, the recent Bitcoin decrease caused it to fall right […] The post Will Litecoin Manage to Maintain its Bullish Momentum? appeared first on BeInCrypto.

2020-2-18 19:10


Bitcoin Breaking This Single Level Will Spark a Parabolic 800% Rally

Bitcoin’s 2020 uptrend has drastically shifted the market structure of BTC, which was previously shaping up to be incredibly bearish while it was hovering within the $6,000 region. The subsequent rallies from this price region, however, have allowed it to climb all the way up to $9,200, which appears to be a key resistance level... The post appeared first on NewsBTC.

2020-1-21 00:00


Breaking This Line Could Cause Bitcoin to Turn Parabolic and Rally 1000%

It is beginning to look increasingly as though Bitcoin’s (BTC) recent rally from its early-January lows of $6,800 to its recent highs of $8,900 is much more than a fleeting relief pump. BTC bulls have been able to hold the crypto within the upper-$8,000 region for the past day, signaling that buyers currently have enough... The post appeared first on NewsBTC.

2020-1-16 00:00


Фото:

Bitcoin blasts through key resistance as analysts eye potentially major upside

Bitcoin is currently in the process of breaking out of its recent consolidation phase, as BTC’s bulls are pushing the crypto up towards its key resistance levels around the $8,300 region. Although it does appear that the cryptocurrency is currently struggling to break above its recent highs of $8,500, its current momentum does appear to […] The post Bitcoin blasts through key resistance as analysts eye potentially major upside appeared first on CryptoSlate.

2020-1-14 08:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto ATM market to hit $2.6b by 2032, survey shows

The global crypto ATM market, worth $87.35 million in 2023, is expected to grow at an average rate of 45.7% per year, reaching $2.58 billion by 2032. The global crypto ATM market, valued at $87.35 million in 2023, is expected…

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.