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Cryptocurrency News Articles
Bitcoin (BTC) Price Today - BTC to USD Live, Marketcap and Chart
Nov 20, 2024 at 04:18 am
Get the latest Bitcoin (BTC) price, market cap, trading pairs, charts and data today from the world's number one cryptocurrency data site
Cryptocurrency markets are trading higher on Friday, with Bitcoin recording a new all-time high at $94,040, according to Coingecko data.
At press time, the world’s apex cryptocurrency is trading at $93,844, up 1.3% over the past 24 hours. Bitcoin prices have surged by more than 90% so far this year.
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Notable Developments:
Top Gainers:
Trader Notes: As Bitcoin prices crossed all-time highs of $94,000, several crypto traders shared their thoughts on the next possible price targets.
Crypto trader Jacob Canfield predicts a minimum target of $97,000, as indicated by a breakout from an ascending triangle formation.
$BTC – A breakout fom our ascending triangle above here should give us a minimum target of $97,000. pic.twitter.com/PLtKTWEmlz
However, crypto trader More Crypto Online hopes that Bitcoin can move toward $95,000 and then maybe $97,000. On the other hand, the trader remains cautious, suggesting that this could be a corrective range.
Moreover, Santiment data noted that with Bitcoin peaking to all-time highs, whale transactions and retail FOMO could make the "short-term price action unpredictable, but the long-term indicators for Bitcoin looking quite sound."
It also added that in any long-term bull market, dormant coins continuously moving back into circulation.
🥳 Bitcoin has officially made a new all-time high, scraping as high as $93,850 on Coinbase at the time of this writing. Whale transactions and retail FOMO may make the short-term price action unpredictable, but the long-term indicators for BTC (and therefore, crypto) look quite… pic.twitter.com/Ae5qtdU8QN
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