Bitcoin Breaks $82,000 – Bullish Trend Continues

Bitcoin continues the bullish trend, breaking record after record - this time the number one cryptocurrency by market cap surged past $82,000.

Bitcoin is up 3.5% in the past 24 hours with a trading volume of around $79 billion. BTC’s market cap is currently at $1.624 trillion after an incredible 19.5% surge on the weekly chart.

The 1-day technical analysis from TradingView is extremely bullish – the summary and moving averages both show  “strong buy” at 17 and 14, respectively, while oscillators point to “buy” at 3.

This past day $638.66 million were liquidated from the cryptocurrency market – $363.85 million in long positions and $274.82 million in shorts. $124.22 million of these poitions were in Bitcoin.

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Despite a slight drop in the past 24 hours, Ethereum is still up almost 30% during the last 7 days and is currently trading at $3,180.

The biggest gainer for today is Dogecoin with the price surgin 22.4% to almost $0.3 with a $18.6 billion trading volume and $42 billion market cap. On the weekly chart DOGE is up around 87%.

The total cryptocurrency market cap rose by 2.16% in the past 24 hours, to 2.78 trillion.

Kosta Gushterov