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Bitcoin’s record high is within sight after sharp recent rally

From bnnbloomberg.ca

Bitcoin is flirting with a run toward its all-time high after jumping more than 90 per cent since a low in July. The largest cryptocurrency was trading little changed just above US$57,000 as of 10:07 a.m. in London, some US$7,700 shy of its April record. A recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the travails of assets such as stocks, bonds and gold amid a bout of jitters in global markets. Record highs for Bitcoin are possible, maybe at around US$80,000 to US$85,000 based on chart patterns, said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. That’s ... (full story)

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  • Category: Technical Analysis