Bitcoin, the world's largest cryptocurrency, recently experienced a significant surge, reaching a new all-time high. However, this was followed by a price correction.
Bitcoin Price: New Highs and Correction
Bitcoin reached a new high of nearly $90k driven by optimistic market sentiment and Donald Trump's election victory. However, a correction soon followed, dropping the price by 2% to $87,348, with trading volume decreasing by 19% to $117.82 billion.
Technical Analysis of the Situation
Despite the correction, analysts note the potential for another upward attempt. Indicators like Bollinger bands narrowing and the Relative Strength Index (RSI) suggest the return of buyers. The RSI indicates growing buying interest, pointing to a potential price surge.
Promising Alternatives to Bitcoin
Among other cryptocurrencies, the meme coin Flockerz draws attention with its new Vote-To-Earn model, incentivizing project participants. It is gaining popularity, and its current price is $0.0060049.
Bitcoin remains in focus despite the temporary correction, with analysts predicting potential growth. New strategies and tools in the crypto market, like Flockerz, are attracting investors' attention.
