Bitcoin Hits Its Highest Price Since May

Currently Bitcoin is right under $43,000 after breaking it a short while ago

Bitcoin price blasts through $43K, hitting its highest price since May

Throughout the week, several analysts suggested that a rally higher was in the works because several indicators flashed bullish signals, including a cross-over between two moving averages that last appeared before the 2020 bull market and metrics that showed significant accumulation being driven by whales and retail investors.

Bitcoin’s spike to $43,210 was a major development for its price as noted by pseudonymous analyst Rekt Capital, because this was the first time BTC was able to break out of its multi-month trading range.

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Master Asked on August 6, 2021 in Bitcoin.
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