Watch These Bitcoin Price Levels as Cryptocurrency Mints New Record High Above $94K [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
The cryptocurrency has registered its highest trading volumes since mid-March, signaling buying activity from larger market participants, such as institutional investors. A measured move, which calculates the percentage change of Bitcoin's trend higher from October 2023 to March this year and adds it to the lower trendline value of the cryptocurrency's recent eight-month trading range, forecasts a price target of $154,000. Investors should watch key support levels on Bitcoin's chart around $70,000 and $55,000. Bitcoin ( BTCUSD ) will likely remain on watchlists Wednesday as the largest cryptocurrency by market capitalization nudges towards the $100K mark. On Tuesday, Bitcoin set a new record high over $94,000 , before slightly easing to around $92,000 at the start of Asian trading. Since Donald Trump's election victory, the cryptocurrency has soared around 35% amid optimism that the incoming administration will establish policies that broadly benefit the asset class. Sentim
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