New all-time high: is Bitcoin now cracking US $ 40.000?
- Bitcoin proves that the last correction was just a run-up to a new all-time high
- 40.000 US dollar limit within reach
Again and again there were forecast models that saw a new bull run overcoming the 34.750 US dollar. But somehow overcoming the resistance did not cause a new high flight - it always went in the direction of 33.000 US dollars.
After yesterday evening it suddenly went from 35.500 US dollars to 34.400 US dollars, the new bull run followed: Bitcoin rose to over 37.700 US dollars within a few hours!
The technical analysis
The price development over the last five days clearly shows that there is only one direction - and that is up. So the first bull run followed when jumping the 30.000 US dollar hurdle. Here it went to over 33.200 US dollars. This was followed by a correction towards US $ 30.200.
Then the Bitcoin price went to 34.800 US dollars - and there was another correction towards 32.400 US dollars. A new line of support? No. Because suddenly it went below 29.000 US dollars - and that within a few hours.
But the Bitcoin apparently only made a start - and was able to rise by almost 10.000 US dollars in the last few days!
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Incidentally, the prices of numerous Altcoins have also risen tremendously.
The last 7 days:
Stellar: + 171 percent (currently 0,36 US dollars)
Cardano: + 82 percent (currently 0,33 US dollars)
Ether: + 61 percent (currently 1.200 US dollars)
Tezos: + 32 percent (currently 2,64 US dollars)
Litecoin: + 31 percent (currently 169 US dollars)
Bitcoin Cash: + 27 percent (currently: 450 US dollars)
Bitcoin is currently at 30 percent (currently: 37.500 US dollars)
It is therefore clear that the next hurdle that Bitcoin will target is the US $ 40.000 mark. And if you follow the forecasts and calculations, this resistance will also be broken without any problems.