• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Nears New All-Time High Above $76,500

user avatar

by Giorgi Kostiuk

2 years ago

Bitcoin continues its battle against bearish pressure as it nears levels around $76,000, looking to possibly establish a new ATH above $76,500.

Bitcoin's Rise to New Levels

Bulls are defending interim support levels to maintain gains and target upper resistance above $77,000. However, trader confidence appears low, which might lead to a pullback in the rally.

Traders Brace for Volatility

Since Bitcoin broke out of its range, market participants have been hopeful for further movement. Many are ready to capture profits at a new ATH, potentially increasing volatility over the weekend. The order book shows significant buy orders near $75,000 and sell orders around $77,000, suggesting preparedness for both bullish and bearish shifts.

Impact of US Election on Prices

Historically, Bitcoin has shown significant price increases following US elections, such as a 100% rise in 2020. If similar patterns hold, Bitcoin's current ascent may just be starting, and the $100K milestone could be achievable soon.

Bitcoin remains within an ascending channel, and despite mixed market signals, bulls could strive to reach new highs in the coming weeks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UK Lawmakers Push for Ban on Crypto Donations Amid Transparency Concerns

chest

UK lawmakers are advocating for a temporary ban on crypto donations to political figures and parties due to concerns about transparency and foreign influence.

user avatarFilippo Romano

ChatGPT Enhances Financial Advice with New Feature

chest

ChatGPT's new personal finance feature enhances financial advice by analyzing users' spending data from the last 90 days to create personalized financial plans.

user avatarEmily Carter

OpenAI Introduces Personalized Finance Feature in ChatGPT

chest

OpenAI has launched a new personal finance feature in ChatGPT that connects to users' actual bank accounts, providing tailored financial advice based on their spending habits.

user avatarTomas Novak

Hana Financial Group Makes Major Investment in Dunamu

chest

Hana Financial Group announced a major investment in Dunamu, acquiring a 65.5% stake for approximately 1 trillion Korean won, marking the largest investment by a South Korean bank in a digital asset company.

user avatarLeo van der Veen

Hana Financial and Dunamu Collaborate on Digital Asset Services

chest

Hana Financial and Dunamu have signed a memorandum of understanding to develop services that integrate traditional banking with digital assets.

user avatarMaya Lundqvist

CME and ICE Push for Federal Oversight of Hyperliquid

chest

CME Group and Intercontinental Exchange are lobbying for federal oversight of Hyperliquid, citing concerns over market manipulation and sanctions evasion.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.