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  4. Bitcoin Reaches a New All-Time High
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Bitcoin Reaches a New All-Time High

Bitcoin price spikes to a new all-time high of $66,000. The movement of the price follows trending ETF news. If the current surge continues, BTC may reach $100k soon. Bitcoin...
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Bitcoin Reaches a New All-Time High © Reuters. Bitcoin Reaches a New All-Time High

  • Bitcoin price spikes to a new all-time high of $66,000.
  • The movement of the price follows trending ETF news.
  • If the current surge continues, BTC may reach $100k soon.

Bitcoin reached new horizons. The largest cryptocurrency just recorded a new all-time high of $66,000 after a continuous surge in trade volume. This may be attributed to lots of hype surrounding the Bitcoin ETF.

Earlier in the last two weeks of October, the general performance of the crypto market has been good. Bitcoin swiftly moved from $45K to reaching the new all-time high, gaining more attention throughout the world.

And still, Bitcoin is showing bullish signs. If the price and trading volume continues to surge, it may coincide with many analysts’ Bitcoin price predictions of $100,000 by the end of this year.

According to crypto analyst PlanB,

Baseline S2F forecast of $100K by Christmas still stands (or more precise: $100K average for this halving period 2020-2024). On-chain (non-S2F) indicator shows no sign of a top yet (no red dots). This is in line with S2F forecast.

True Bitcoin and crypto enthusiasts are very excited about this development. The hashtag #Bitcoin has trended multiple times on Twitter (NYSE:TWTR) this month, and this is just the beginning.

Continue reading on CoinQuora

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

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Moving Avg:

Buy (0)

Sell (12)

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

+0.023 (+0.09%)

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Copper Futures

4.5305

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81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

-0.71 (-0.82%)

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1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Moving Avg:

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Indicators:

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Hang Seng

17,763.03

+16.12 (+0.09%)

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Moving Avg:

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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Moving Avg:

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IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

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BASF SE NA O.N.

49.155

+0.100 (+0.20%)

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Bayer AG NA

27.35

-0.24 (-0.87%)

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

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Adidas AG

226.40

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Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

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Siemens AG Class N

175.90

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15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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RON 95-V25.44025.940
RON 95-III24.91025.400
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