LAST MINUTE: Bitcoin Officially Hits New All-Time High Above $ 65,000
It’s official now! After 6 months of waiting, BTC reached a new all-time high in US dollars. The price of Bitcoin (BTC) has reached a new all-time high in US dollars as the long-awaited rally pushes the BTC / USD pair to price discovery.
Bitcoin back in price discovery
Data from Cointelegraph Markets Pro and TradingView showed that Bitcoin broke the $ 64,900 top set in April.
Bitcoin Records Highest Daily Close in History and BTC / EUR Hit All-Time Highs
On the second day of trading the popular ProShares ‘Bitcoin Strategy’ exchange-traded fund (ETF), the price of BTC / USD rose again before the US open, a practice that has characterized the pair in recent years. days.
On social media, the best known names in the Bitcoin world are celebrating.
“The halls of eternity echo with the cries of those who sold their Bitcoin,” commented MicroStrategy CEO Michael Saylor. This week has already seen all-time highs for Bitcoin against several major fiat currencies, including the euro.
As Cointelegraph reported, expectations remain for even higher levels to be reached in the coming weeks and months, interspersed with brief corrections to set new levels of support.
The highest short-term predictions currently center around $ 300,000 per Bitcoin.
We are in full “Bitcoin season”
Various data supports the idea that Bitcoin’s moment to shine will precede altcoins, which continue to suffer against BTC.
Bitcoin’s market cap dominance is at its highest since May (47.4%, according to CoinMarketCap records), and well-known traders have already been warning that now is not the time to focus on an altcoin wallet.
So many alt / btc pairs seem to want to break out USDETH / USDBTC at the long-term dynamic support line. USDSOL appears to be on a bearish flag. Many have done macro LL’s
This is great due to the ability of BTC to reach new ATHs, so that the altcoins will then rise again. 2 for the price of one
Current estimates indicate that the first half of 2022 should produce a shift in altcoin earnings.
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