Bitcoin

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<p>Bitcoin, ignited since its crossing of $60,000 at the end of February, is attracting increasing global attention. Its approach to the previous record of $69,000 in November 2021 raises questions: will it surpass this ATH today?</p>
<h2 id="h-bitcoin-heading-to-70-000">Bitcoin: Heading to $70,000?</h2>
<p>Early yesterday morning, Bitcoin reached <strong>a historic high by trading for 60,100 euros</strong>, thus marking a European record. In 2021, its peak was 59,600 euros when the euro was valued at 1.15 dollars.</p>
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<p>On March 5 at 4:56 AM UTC+3, a Bitcoin reached <strong>the impressive value of $68,762.25</strong>. At the time of writing, the flagship crypto is holding at $66,444.51, with an increase of nearly 2% over 24 hours. Yesterday, <strong>BTC had started at $62,753.65 and closed at $67,355</strong>, reigniting the hopes of traders.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<p>The <strong>historic peak of $69,044.77</strong>, set on November 10, 2021, could it be reached today? <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-ath-70k/#:~:text=New%20ATHs%20Ahead%3F-,Bitcoin%20Price%20Sets%20Eyes%20On%20New%20ATH,K%20Could%20Be%20Next%20Hurdle&amp;text=Bitcoin%20price%20is%20up%20over,above%20the%20%2466%2C500%20support%20zone." target="_blank" rel="noopener noreferrer nofollow">Bitcoin.com</a> provides enlightening analysis on this burning question.</p>
<p>Bitcoin maintains its <strong>strong position above the $65,000 bar</strong>. With the establishment of a new support, the cryptocurrency begins a new rally, surpassing the $66,000 threshold. This <strong>steady ascent</strong> brings it closer to the last historic peak, with a recent high at $68,786. Currently, the price is consolidating its gains, staying above the 23.6% Fibonacci retracement level.</p>
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   Bitcoin price evolution – Source: TradingView
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<p>Currently, BTC is trading above $67,500, comfortably supported by the 100-hour simple moving average. An upward trend is taking shape, with <strong>a key support at $66,000</strong> according to the BTC/USD hourly chart.</p>
<p>In terms of resistance, the $68,800 threshold is one to watch closely. Beyond that, <strong>the next step could be $69,200</strong>, paving the way for potential progress towards $70,000. A clear breach of this barrier could propel the price toward $71,200, and even $75,000 in the long term.</p>

Could bitcoin reach its ATH today?

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