The price of bitcoin has continued its search to the upside reaching a new high going back to November 2021 of $60,765. The price is now up all her 57% from the low price for 2024 reached during the week of January 22. Since the week of September 11, 2023 the price is up 143.45%. Since the first week of January 2023 the price is up 266.52%.
The swing high going back to April 21 reached up to $64,895. That is a target on a daily chart. Above that and traders would look toward the November 2021 high price which hit near $69,000.
Drilling to the 5-minute chart, it would take a move below the $60000 and the $59517 level to hurt the short term bias.
Looking at the 5-minute chart below, the rising 100 bar MA (blue line in the chart below) is at $58,913 and moving higher. Getting…
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