CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-10-29 17:46:49

Bitcoin Surges Past $72,000 as it Prepares to Set New All-Time High

Bitcoin surged past $72,000 after the Wall Street open on Oct. 29, with bulls pushing towards final resistance levels ahead of all-time highs. Data from Cointelegraph Markets Pro and TradingView showed nearly a 4% gain for BTC/USD on the day. After steady consolidation during the Asia trading session, Bitcoin’s upward momentum returned as buy-side pressure continued to target sell-side liquidity. Commenting on the price action, Keith Alan, co-founder of Material Indicators, observed that buyers were setting up for a “critical move.” He noted, “A move above $72k may send bears into hibernation, but be prepared for a retest of support

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.