Cryptocurrency

The Bitcoin Price Is Rallying Its Way To $100K


Bitcoin’s bull market continues! After difficult and painful corrections during 2021’s third quarter with deep retracements reaching 50-60% declines, bitcoin has not only regained all of its strength but also has already surpassed its April highs of $65,000. The new all-time high at $67,000 has been established, and the previous zone of weakness for bulls around $58,000 in April-May has now been reclaimed with a strong weekly close through this area. This shows that the market is way stronger at the same all-time high levels than it was in April-May. We should see an unquestionable reign of the bulls for the next few weeks with bitcoin approaching $100,000 levels faster than the majority might expect. If bitcoin’s trend does not show any weakness in the $90,000-$130,000 region, this may take bitcoin even further. Bitcoin tends to go higher than what anybody expects during bull markets, and lower than anybody predicts during bear markets.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *