Bitcoin Records New All-Time High at $70,000: What’s Next?

2024-3-9 18:56

Bitcoin soared past expectations to record a new all-time high, reaching $70,330 today. The remarkable 5% increase from its opening price of $66,870 has the cryptocurrency market speculating about the future.

Bitcoin Hits New All-Time High

This surge comes from Bitcoin breaking out of an ascending triangle on its 10-minute chart. This technical pattern underscores the digital currency’s bullish momentum and hints at even more growth on the horizon.

Indeed, this bullish technical formation projects a target of $71,500.

Bitcoin Price Performance. Source: TradingView

Experts are keenly observing these developments, noting the significant upside potential Bitcoin displays.

Among them, Fundstrat’s Tom Lee stands out with his audacious forecast that Bitcoin could be on its way to a new all-time high of $150,000. This optimism is not unfounded, considering Bitcoin’s resilient performance and proven ability to exceed expectations.

“Sometime in the next 12 or 18 months, Bitcoin can be over $150,000… BlackRock seeing $800 million in inflows. I think as long as there is strong spot demand and aren’t eager sellers, you do have a market that is out of balance, that there is too much demand for Bitcoin, not enough supply created through the block reward,” Lee said.

Read more: Bitcoin Price Prediction 2024 / 2025 / 2030

The current bullish price action to new all-time highs reinforces Bitcoin’s dominant position in the cryptocurrency market and highlights its potential as a lucrative investment for those looking to diversify their portfolios. Indeed, the recent price movement is a testament to Bitcoin’s growing influence and capability to shape the financial system.

The post Bitcoin Records New All-Time High at $70,000: What’s Next? appeared first on BeInCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 89902.72 (-0.30%)
Объем 24H $52.769b
Изменеия 24h: -1.05 %, 7d: -1.25 %
Cегодня L: $89035.17 - H: $90174.34
Капитализация $1794.312b Rank 1
Цена в час новости $ 68477.66 (31.29%)

bitcoin new predictions fuels sets record growth

Источник: beincrypto.com

bitcoin new → Результатов: 126


Фото:

Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024

Bitcoin is now holding ground around the $90K level as the market transitions into a new and uncertain phase. Sentiment is sharply divided: some analysts argue that the breakdown below $100K marks the beginning of a new bear market, while others believe Bitcoin is setting the stage to break its traditional four-year cycle and rally harder than ever in the months ahead.

2025-11-20 23:30


Bitcoin Rally Expected: Standard Chartered Eyes New High Of $73,800 Pre-US Election

Bitcoin has recently shown significant momentum, reaching its highest level since July, briefly touching $67,900 and recovering 7%. This surge follows a dip to $58,900 at the end of last week, further fueling bullish sentiment among investors optimistic about the cryptocurrency’s potential to reach new heights before the end of the year.

2024-10-16 22:44


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Will Bitcoin Price’s Drop To $86,000 Trigger These Holders’ Selling?

Bitcoin is trading under pressure this week after falling to $86,000, driven by bearish macroeconomic cues and weaker risk appetite.   The decline is raising concern among analysts because it coincides with an important shift in profitability among short-term holders, who are seeing their first meaningful profits since February 2023.

Bitcoin Faces Head and Shoulders: Delayed Fuse or Invalidated Pattern?

Bitcoin is testing critical levels as a head and shoulders pattern strengthens. Rising outflows and weakening momentum raise the risk of a deeper pullback unless BTC reclaims $100,000. The post Bitcoin Faces Head and Shoulders: Delayed Fuse or Invalidated Pattern? appeared first on BeInCrypto.

Bitcoin Price Faces Rising Weakness, Struggling Around $108,000

Bitcoin weakens near $108,000 as bearish sentiment deepens. With key cost-basis levels lost, BTC risks falling toward $105,000 unless it reclaims $110,000 soon. The post Bitcoin Price Faces Rising Weakness, Struggling Around $108,000 appeared first on BeInCrypto.

Why Is The Crypto Market Up Today?

The crypto market shows signs of recovery with a $54 billion rebound. Bitcoin eyes $108,000 resistance, while Pump.fun rallies 11% amid improving investor sentiment. The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

Bitcoin Exchange Supply Falls To 6-Year Low — A Signal To Buy The Dip?

Bitcoin’s exchange supply has dropped to its lowest since 2018, hinting at strong accumulation. With MVRV in the opportunity zone, the dip below $108,000 could offer a prime buying chance. The post Bitcoin Exchange Supply Falls To 6-Year Low — A Signal To Buy The Dip? appeared first on BeInCrypto.