🚀 Bitcoin Inches Toward New All-Time Highs — Will History B
koinmilyoner
Updated at: 5 hours ago
{"content":"🚀 Bitcoin Inches Toward New All-Time Highs — Will History Be Made This Week?
The price of bitcoin fell, hitting a daily low of $98,200 on Sunday, but it managed to escape a daily closure below the psychological milestone of $100,000 without falling below that level. Bitcoin (BTC) had a significant comeback on Monday, and it continues to rise over the following two days, reaching a closing price of more than $107,000 on Wednesday. It is now trading at about $107,400 as of the time of this writing on Thursday.
It is possible that Bitcoin could maintain its upward trend, which would allow it to extend the rally beyond its all-time high of $111,980 on May 22. In the event that this level is successfully closed above, more gains might be extended, so establishing a new all-time high of $120,000.
On the daily chart, the Relative Strength Index (RSI) has a reading of 56, which is higher than its neutral level of 50, suggesting that bullish momentum is present. A bullish crossing is being shown by the Moving Average Convergence Divergence (MACD) indicator on Thursday. A daily confirmation of this crossover would provide a purchase signal and support the rising trend.
On the other hand, if Bitcoin were to have a correction, it can continue its downward trend and retest the 50-day Exponential Moving Average (EMA) around $103,543.
#BTC110KToday? #MarketRebound #SaylorBTCPurchase #BTC $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/26/e002dd8d22af4c238d5b6bb571583b3f.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}