Bitcoin’s Price Breaks Past $69,000 – is a New ATH Imminent?

Bitcoin and the cryptocurrency market as a whole is riding the bullish wave amid renewed investor optimism.

Just now, Bitcoin managed to break the $69,000 price mark after an incredible 10.15% surge in the past 7 days. and has a 24 hour trading volume of around $18.5 billion. The number one cryptocurrency’s market cap reached $1.365 trillion.

The 1-day technical analysis from TradingView also shows investors’ bullish sentiment. The summary shows “buy” with 14 signals, the moving averages point to “strong buy” also with 14, while oscillators remain “neutral” at 8.

During the past 24 hours $15.08 in Bitcoin positions were liquidated ($1.41 million being longs and $13.67 million in shorts).

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The total cryptocurrency market cap surged by 1.62% in the past 24 hours and reached $2.38 trillion.

Bitcoin is a little shy from it’s all-time high (ATH) and if the current bullish momentum continues to gain steam, we could witness a new record price sooner than we think.

Alexander Stefanov