Bitcoin reached a new all-time high at $72,850.71

[Joseph]

The bullish market have finally returned in the cryptocurrency market as we see Bitcoin break its previous all time high set at the zone of $67k. Now, the latest all time high for Bitcoin is $72,850.71.

Do you see the price still going up or there will be a major pull back soon?

 

[Brian]

There's now a hard retractment in the price action of Bitcoin. The current price of BTC is now at $68,010.33 which will hold for a while before it's going to be move above $72,850.71.

 

[Steven]

There's now a hard retractment in the price action of Bitcoin. The current price of BTC is now at $68,010.33 which will hold for a while before it's going to be move above $72,850.71.

From my price action analysis, it shows that Bitcoin will fall in retractment to the range of $58k before it's going to become bullish again.

 

[Brian]

From my price action analysis, it shows that Bitcoin will fall in retractment to the range of $58k before it's going to become bullish again.

Yes, your analysis was very correct. BTC dropped around the $58k region before going back to $70k region as of yesterday.

 

[Steven]

Yes, your analysis was very correct. BTC dropped around the $58k region before going back to $70k region as of yesterday.

There's another analysis from Morgan P which states that the value of Bitcoin will still drop more because of the zone it's currently in and I'm not surprised by the analysis.

 

[Joseph]

There's now a hard retractment in the price action of Bitcoin. The current price of BTC is now at $68,010.33 which will hold for a while before it's going to be move above $72,850.71.

This is how cryptocurrency have always behaved. There's no permanent bullish run or bearish run. They take turns from time to time.

 

[Steven]

What my friend is doing now with Bitcoin is shorting it when it's up high close to its all time high zone and long it when it drops back. He has been lucky so far in taking advantage of it.

 

[Joseph]

There's another analysis from Morgan P which states that the value of Bitcoin will still drop more because of the zone it's currently in and I'm not surprised by the analysis.

It's those who are trading Bitcoin that's getting the best out from it. When you know your POI, it's easy to get in and get out without having any losses.

 

[Michael671]

BTC is still at the range of $72k at the moment. Thus far, it looks like a good place to hold for cryptocurrency investment owners because they've all recovered their old losses at this point.

 

[Joseph]

Who's looking forward to when Bitcoin is going to get to $100,000? I see it as something that's more likely to happen anytime soon. What are your thoughts?