Bitcoin

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-hits-new-peak-eyeing-further-gains" rel="noopener noreferrer nofollow">Bitcoin Hits New Peak, Eyeing Further Gains</a><br></p>
<p style="text-align: justify">In a remarkable surge, <a href="https://en.bitcoinhaber.net/ark-invests-strategic-shift-from-gbtc-to-bito" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value soared to an unprecedented high of $73,777, signaling a potential trend towards the $80,000 mark. Investors and analysts are keenly observing this bullish momentum, anticipating the next critical levels for the <a href="https://en.bitcoinhaber.net/the-future-of-stablecoins-growth-and-impact-predicted-by-circle-ceo" rel="noopener noreferrer nofollow">cryptocurrency</a>. With a strong foundation established above the $72,000 threshold, Bitcoin’s ascent seems unfettered by major resistance at the moment.</p>
<h2 id="surge-above-key-benchmarks">Surge Above Key Benchmarks</h2>
<p style="text-align: justify">Currently, Bitcoin’s price is exhibiting upward trends, maintaining its position well over the $72,500 mark and the 100-hour Simple Moving Average. The hourly chart presents a rising trend line with notable support around $72,800. Overcoming the immediate resistances near $73,450 and $73,500 could propel Bitcoin to continue its climb.</p>
<h2 id="record-highs-in-local-currency">Record Highs in Local Currency</h2>
<p style="text-align: justify">In addition to its gains against the dollar, Bitcoin also achieved a new peak trading at 2,401,021 Turkish Lira. The recent price movements show Bitcoin rebounding after a slight retraction from its record high, with current trading levels sustaining above $73,000.</p>
<p style="text-align: justify">The cryptocurrency’s bullish stance is further cemented by holding above the 50% Fib retracement level from its recent rally. Should Bitcoin edge past the $73,500 resistance, it could make its way towards the $74,200 zone, with potential to challenge the $75,000 threshold, and possibly extend gains up to $76,500.</p>
<h2 id="correction-risks-on-the-horizon">Correction Risks on the Horizon?</h2>
<p style="text-align: justify">However, Bitcoin faces potential correction risks should it not breach the $73,500 resistance. The downside support at $72,800 is crucial; slipping below this could see the price aiming for $72,150. A further dip could send values retreating towards the $70,000 mark, with the next significant support level at $68,500.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-hits-new-peak-eyeing-further-gains" rel="noopener noreferrer nofollow">Bitcoin Hits New Peak, Eyeing Further Gains</a></h5>

Bitcoin Hits New Peak, Eyeing Further Gains

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