#BTCUSDT📢📢📢
Bitcoin breaks above its all time high of $73,777
Bitcoin price faced rejection around its all-time high (ATH) of $73,777 on October 29 and declined 6.65% in the next six days. However, it found support around $67,000 on Monday and rose 2.24% until Tuesday. At the time of writing on Wednesday, it breaks above its ATH and trades around above $74,700.
A successful daily close above its all-time high of $73,777 level could pave the way for BTC to target the 141.40% Fibonacci extension level (drawn from July’s high of $70,079 to August’s low of $49,072) at $78,777.
The Relative Strength Index (RSI) on the daily chart has bounced off from its neutral level of 50 and reads 68 as of Wednesday, indicating that the bullish momentum is gaining traction.
However, if BTC fails to close above $73,777 level and decline, it may retest the key psychological level of $70,000.
#BTCBreaksATH #ETHBTCNewLow #USElections2024Countdown #BTCMiningRevenue
