Bitcoin Record Price Hits $7000

Bitcoin Record New Height ($6941),what Is Your Advice For Holder?

Early this morning bitcoin hit $7000 and back to $6941 at the time of this post

Could iran adoption driving the price of what, dont really understand this stuff again oooo

We are in new month i hope there will be correction soon but when?
I dont know ooo

exchange rate has dropped somewhat to $6,498, but that said, BTC is up 3.76 percent in the last 24 hours. Bitcoin Record Price Hits $7000

Bitcoin Record Price Hits $7000

That is what we are here to discuss… Please give us your opinion on how we can be save from huge fall so that we wont lose much huge value of what we hold now.

What do you think holder should do?

Bitcoin has once again smashed expectations.

The largest cryptocurrency by total value hit record highs on CoinDesk’s Bitcoin Price Index (BPI) this morning, with prices reaching $6,600 at 11:00 UTC. At the time of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate has dropped somewhat to $6,498, but that said, BTC is up 3.76 percent in the last 24 hours. Bitcoin Record Price Hits $7000

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As cited by Bloomberg, the listing on the CME offers the following benefits: firstly, liquidity could increase with high-frequency traders acting as market makers, and, secondly, traders would be able to hedge cash positions in the digital money

So far, the numbers speak for themselves: bitcoin is up more than 500 percent on a year-to-date basis, and price action analysis suggests a potential for a rally above $7,000.

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  • A break above the rising channel ceiling would open doors for $7,000 (psychological resistance) and $7,076 (127.2% Fibonacci extension).
  • A technical correction is always a possibility after a rally of such epic proportions.
  • Only an end-of-day close below the rising channel support (seen today at $5,690) would signal a short-term bullish-to-bearish trend change.
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