Crypto Currency News

Bitcoin price seeks to make footing to continue with the climb

Specialists believe that the price could reach new all-time highs in the coming days

Bitcoin (BTC) manages to stay above USD 53,000 and gains strength to take a new leap in the coming days. The cryptocurrency had some corrections that brought it closer to $ 52K, but in the last hours it was able to recover. As of press time, the price of BTC is $ 54,141.

After the last jump of BTC, some specialists believe that the price could climb to new all-time highs during the next few days; that is, above USD 64,000 (ATH registered in May of this year).

“We hope that the conditions of overbought short – term resist long enough for a test of least resistance near USD 52.9K, a break above which would point to a record high , ” he said in recent days Katie Stockton , an analyst at Fairlead Strategies .

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Likewise, the specialist pointed out that “the long-term outlook for bitcoin is bullish.” In this analysis, the historical fact comes into play, which indicates that the last quarter of the year has always been bullish for the market. In the last 7 days BTC rose 25%, and in the last 90 the figure scales to 60%, so there is already talk of an ongoing rally.

The rest of the crypto market had movements of all kinds during the last 24 hours. Ether (ETH) has managed to resist above $ 3,500 and is at 25% of its all-time high, which it hopes to reach before the end of the year. At the close of this note, the price of ETH is $ 3,591.

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Along the same lines, Litecoin ( LTC ) and Bitcoin cash ( BCH ) have managed to stay above USD 180 and USD 619 respectively, while XRP and Solana ( SOL ) had deeper corrections (-2%) that took their price to USD 1.07 and USD 156. Dogecoin (DOGE) is down 5% and is trading at USD 0.24.

Binance coin (BNB) and Cardano (ADA) grew respectively by 1% and 3% and reached USD 441 and USD 2.29. The big surprise of the day, anyway, was Polkadot. After a 10% jump, DOT reached $ 34.95.

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