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  • Bitcoin Price Analysis: Bitcoin reaches the highest level in its history at $ 68,550, is there any further upward trend?

Bitcoin Price Analysis: Bitcoin reaches the highest level in its history at $ 68,550, is there any further upward trend?

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  Bitcoin

TL; DR failure

  • Bitcoin price analysis is bullish today.
  • Bitcoin / US dollar reached its previous high of $ 67,000.
  • The new price is set at $ 68,550.

Bitcoin price analysis is bullish today as the new all-time high of $ 68,550 was set this morning and the momentum remains strong. However, a minor correction for BTC / USD is currently underway, possibly testing $ 67,000 as re-support.

Bitcoin Price Analysis: Bitcoin reaches the highest level in its history at $ 68,550, is there any further upward trend?  1
Thermal map of digital currencies. Source: Coin360

The digital currency market has been trading at an upward pace for the past 24 hours. Bitcoin grew by 3.63% and Atrium by 1.76%. LightCoin (LTC), meanwhile, has the best performance with a 20% increase.

Bitcoin price movement in the last 24 hours: Bitcoin continues to rise, reaching its highest price at $ 68,550.

BTC / USD traded in the range of 65264.68 to 68530.34 dollars, which shows strong fluctuations in the past 24 hours. Trading volume increased by 22.59%, while the total trading volume reached $ 41.79 billion. The total market value is about $ 1.28 billion, which leads to a market dominance of 43.61%.

4-Hour Bitcoin / Dollar Chart: Will Bitcoin go back to itself before a higher move?

In the 4-hour chart, we can see a slight change after a new historical record, which indicates that we can see another move later today.

Bitcoin Price Analysis: Bitcoin reaches the highest level in its history at $ 68,550, is there any further upward trend?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price action over the past week has seen a return to uptrend. After the highest new price reached $ 67,000 at the end of October, the market stabilized between $ 60,000 and $ 63,000 for a few weeks.

The highest slightly higher was recorded on November 2, indicating a higher uptrend over the weekend. After a few days of correction to $ 60,000, a higher move began over the weekend.

Early yesterday, the price of bitcoin began to rise rapidly, reaching less than $ 67,000. After a slight stabilization, the cows regained their momentum overnight, setting a new record at $ 68,550.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish today as the new record high of $ 68,550 was set overnight. The small corrections followed by BTC / USD are likely to stop before a higher move in the next 24 hours.

As you wait for more bitcoin to move, read our guide to NFT, Gemini Exchange Review and Sunacrip tokens.