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Bitcoin (BTC) in Price Discovery Zone and Sets New ATH of $64,000
6 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
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The ongoing cryptocurrency bull market has significantly been attributed to different aspects including global Bitcoin adoption by institutional investors.
Bitcoin (BTC) price rallied to a new ATH of $64,000 on Wednesday after a strong breakout on Tuesday. The mother coin is now in a price discovery zone where the next resistance level will be determined by the ‘fuel’ accumulated in the past few weeks.
Bitcoin pump had slowed down at the time of reporting, whereby the asset was trading around
Bitcoin Prices Reached An All-Time High Above $63,000—What s Next?
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Bitcoin trades north of $34,000 on Wednesday
It fell to $30,077 on January 4 after setting all-time high record on January 3
The cryptocurrency has been on a roll since breaking over $20,000 in December
The world s most prominent cryptocurrency has been trading north of $34,000 on Wednesday, according to CoinDesk data.
It rose to $34,435.42 today, fluctuating close to the record level of $34,452.08 it set on January 3. A day later, Bitcoin fell over 14% with traders citing volatility in highly leveraged markets.
“As we’ve repeatedly seen, particularly in the absence of other technical trading data, the BTC price is attracted to round numbers,” the MD of Digital Capital Management Tim Enneking told