Bitcoin Nears $90,000: Analyst Says $100K Hype Could Trigger a Dip Back to $75K

Quick Summary:

For instance, the night Donald Trump secured his victory in the 2024 election, Bitcoin surged to an all-time high of $75,000.

Since then, it has continued to climb, reaching a peak of $88,000—marking a massive rally in the cryptocurrency market.

In terms of downside risk, the first major support level for Bitcoin is around the $74,000 mark.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Bitcoin News Cryptocurrency Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 01:57:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23541319

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 17 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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