Here’s why Bitcoin traders really want to punch through $90K

November 13, 2024 Coin Telegraph

<div>Here's why Bitcoin traders really want to punch through K</div>

Bitcoin hit $90,000, but holding it is proving to be a challenge. Cointelegraph explains why.

Bitcoin (BTC) price is trying to punch through the $90,000 level but encountering some pushback. Let’s briefly explore why.

On the BTC/USDT 1-hour chart, one can observe a block of sell orders at $90,000. As BTC price runs into these asks, the selling adds a bit of gravity to the price momentum, and the price pulls back slightly. Another block of asks can also be observed at $91,150.

BTC/USDT 1-hour chart. Source: TRDR.io

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Bitcoin pushes past $90K amid meteoric 24-hour rally

November 12, 2024 Coin Telegraph

Bitcoin pushes past K amid meteoric 24-hour rally

bitcoin 90k

Bitcoin has notched another major milestone, topping $90,000 for the first time following the election of Donald Trump as the next US president.

The price of Bitcoin has just crossed $90,000, the latest milestone in a record-breaking rally since Donald Trump won the 2024 United States presidential election.

Bitcoin (BTC) hit a peak of $90,000 on Coinbase at 12:56 PST on Nov. 12 and is up 11% over the past day, per TradingView data.

The cryptocurrency is now just over 11% away from reaching $100,000.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bitcoin on track for $85K, breaks record $82.4K ‘uncharted territory’

November 11, 2024 Coin Telegraph

Bitcoin

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.

Bitcoin is trading in uncharted territory, potentially approaching the six-figure price tag for the first time in history following Donald Trump’s victory in the United States presidential election.

The Bitcoin (BTC) price broke above a new high of $82,410 at 10:19 am UTC on Nov. 11, Bitstamp data shows.

BTC/USD, 1-month chart. Source: TradingView

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Bitcoin all-time high at $76.8K is just the beginning, according to data

November 7, 2024 Coin Telegraph

bitcoin all-time high

Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.

On Nov. 7, Bitcoin continued the trend of consecutive daily all-time highs as BTC price traded above $76,800.

Robust spot Bitcoin ETF inflows, BTC’s break out of a 7-month-long downtrend into price discovery, and the success of the US Republican party’s red wave across the Congress, Senate and Executive branches of government are signals that have prompted multiple cohorts of institutional investors to boost their allocation to Bitcoin.

Proof of this is seen in:

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Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

October 29, 2024 Coin Telegraph

Bitcoin hits .6K as fundamentals suggest new all-time highs are programmed

basis trade

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.

Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear.

Here are six important pieces of data that signal Bitcoin is ready to hit new highs.

Bitcoin’s strong range break and sustained multiday close above the previous trading range inspired traders to open new positions with the intent of chasing higher targets in the $85,000–$160,000 range, a point well illustrated by veteran trader Peter Brandt.

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Bitcoin hashrate hits all-time high, boosting network security

October 21, 2024 Coin Telegraph

Bitcoin

The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.

The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.

The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.

The hashrate has been in a steady uptrend since 2021, BitInfoCharts data shows. The hashrate’s escalation is widely correlated with developments in mining hardware like application-specific integrated circuits (ASICs).

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Polymarket Predicts 61% Chance of 2024 Bitcoin All-Time High, 17% for $100K

September 29, 2024 Bitcoin.com

Bitcoin

With bitcoin trading above $65K, crypto enthusiasts are anticipating big price moves in October. Many still believe BTC will exceed its all-time high before the year ends. On Polymarket, a blockchain-powered predictions platform, the odds currently show a 61% chance that bitcoin will top the record it set seven months ago. Polymarket Bettors: Bitcoin Record […]

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Bitcoin’s ‘Coinbase premium’ returns as BTC price heads for best September ever

September 27, 2024 Coin Telegraph

Bitcoin

Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels.

Despite being a traditionally bearish period, Bitcoin’s (BTC) current month is about to be its best September ever, while signs of retail returning are starting to emerge.

Previously, the highest gain observed in September was a 6% rally back in 2016.

Bitcoin monthly returns(%) chart year over year. Source: CoinGlass

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Bitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — Analyst

May 15, 2024 Coin Telegraph

Bitcoin could top 0K but only if ‘high-yield rate’ falls below 7% — Analyst

bitcoin all-time high

Bitcoin needs the high yield rate to fall as low as 6% to reach a “sustainable all-time high,” says crypto analyst Timothy Peterson.

One analyst says only one main indicator is necessary to predict whether Bitcoin can surpass its all-time high of $73,700 later in 2024, and it all rests on the shoulders of the United States Federal Reserve.

“The U.S. high yield rate is a great indicator, and it really needs to drop below 6 or 7% for a sustainable all-time high,” Timothy Peterson, Cane Island Alternative Advisors founder and investment manager, told Cointelegraph. He explained that the primary measure he looks to for Bitcoin (BTC) price action is interest rate movement.

At the time of publication, the U.S. high yield rate — which represents the rate of high-yield corporate bonds because of their higher risk of default — is 7.54%, according to YCharts data.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

January 29, 2023 Bitcoin.com

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit 0K, Survey Shows

asset manager survey

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional […]

bitcoin all-time high

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