| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107266.3600000000 |
| ETH | $2432.2520000000 |
| BNB | $647.7350300000 |
| XRP | $2.1825930000 |
| ADA | $0.5650631000 |
| SOL | $150.6352000000 |
| DOGE | $N/A |
| DOT | $3.4027100000 |
| LTC | $86.0774000000 |
| LINK | $13.3512300000 |
Category: CRYPTO NEWS
The post Bitcoin Price Hits $80K Mark: The Crypto Bull Run Continues appeared on BitcoinEthereumNews.com. Bitcoin price is up over 5% and trading above $80,000. BTC is rising and might aim for a move above the $82,000 resistance zone in the near term. Bitcoin started a fresh surge above the $78,500 zone. The price is trading above $80,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $80,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $81,500 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $76,500 level. BTC cleared the $78,000 resistance and traded to a new all-time high. It posted a high at $81,700 and is currently consolidating gains. There was a minor decline below the $81,500 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $75,785 swing low to the $81,700 high. There is also a connecting bullish trend line forming with support at $80,250 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $80,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $81,700 level. The first key resistance is near the $82,000 level. A clear move above the $82,000 resistance might send the price higher. The next key resistance could be $82,500. A close above the $82,500 resistance might initiate more gains. In the stated case, the price could rise and test the $83,800 resistance level. Any more gains might send the price toward the $85,000 resistance level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $81,700 resistance zone, it could start a downside correction. Immediate support on the downside is near the $80,250 level and…
2024-11-11T03:18:26+00:00