BTC ATH Archives - Coin Engineer

Will Bitcoin Hit ATH?

Tanju Akbıyık — Mon, 23 Sep 2024 19:00:23 +0000

While the recent rise in Bitcoin’s price has seen it reach a new peak of $73,880 in 2024, this record may not be as impressive when compared to the inflation-adjusted value of 2021. While the peak in 2021 was around $69,000, according to the US inflation calculator, this amount corresponds to around $80,159 in 2024. Therefore, even if Bitcoin’s price hits $100,000, this nominal value could be much lower compared to its purchasing power in 2021.

Bitcoin analyst Luke Broyles notes that BTC reaching $100,000 would only be close to the 2021 peak in inflation-adjusted terms. According to Broyles, even if Bitcoin reaches a nominal value of $100,000, it will not actually be equivalent to its real purchasing power in 2021 due to inflationary pressures.

Might interest you: BlackRock’s Report: Bitcoin Shields Against Risks

In addition, the Bitcoin price is currently around 14% below its previous high, and analysts expect the price to exceed $80,000 in the short term. However, the price needs to break the important resistance level of $65,000. If Bitcoin can make this level support, the long-term downtrend may end and a new uptrend may begin. If the rise continues, the next resistance level is estimated at $71,500.

According to the latest analysis, the price could rise to $86,000. Bitcoin’s price action points to a rising “megaphone” formation, which could potentially signal a breakout to the upside.

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Bitcoin Breaks ATH!

Tanju Akbıyık — Fri, 08 Mar 2024 16:13:36 +0000

After a long wait, Bitcoin broke its ATH and tested the $70k level. Bitcoin broke its ATH and tested the $70,000 level after nearly 3 years of bear market. Bitcoin‘s current price is above 67 thousand dollars. After BTC’s needle to $ 70,000, reaction sales came and it fell to $ 67,000 with sales.

Bitcoin’s Current Outlook

When we look at the current outlook of Bitcoin, we can see that reaction sales have come with a needle to 70 thousand dollars. However, it is critical for the price to maintain these levels for the continuation of the rise.

If BTC regains the $ 70,000 level, we can say that the price will continue to increase further. However, the first support in the retracement is the 66 thousand dollar band.

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Bitcoin Price Broke Record! BTC ATH Arrived!

admin — Wed, 06 Mar 2024 06:53:50 +0000

Almost three years later, Bitcoin surpassed its BTC ATH of $69,000. After a difficult approximately 3 year bear market, the cryptocurrency market took a breath with rises.

After the adoption of Bitcoin ETFs, market dynamics became confused and reactions came to the SEC. After this event, Bitcoin, which fell to $40,000, rose steadily after this period and reached the ATH as expected.

What can we all expect after catching Bitcoin’s BTC ATH? Where can the leading cryptocurrencies of the market be found in BTC pair? News is updated…

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