Home >web3.0 >Bitcoin Enters Price Discovery Mode, Targeting $88.8K as Bull Trend Shows No Signs of Slowing Down

Bitcoin Enters Price Discovery Mode, Targeting $88.8K as Bull Trend Shows No Signs of Slowing Down

Barbara Streisand
Barbara StreisandOriginal
2024-11-10 15:54:47259browse

Bitcoin is on a record-breaking run, reaching new all-time highs for three consecutive days following Donald Trump's victory in the US election and a

Bitcoin Enters Price Discovery Mode, Targeting .8K as Bull Trend Shows No Signs of Slowing Down

Bitcoin price hit a record high for three days in a row following Donald Trump’s victory and a recent rate cut.

Top crypto analyst Daan highlighted a technical analysis, suggesting that BTC is now in price discovery mode with potential further upside to the $88,800 mark.

As Bitcoin rallies to new highs, the current bull trend appears to be in its early stages. Analysts and investors are keeping a close eye on BTC’s price action.

Bitcoin price rallied to a new all-time high on Monday, continuing its record-breaking run. The price surged past the key resistance at $73,800, reaching highs of $76,400.

Bitcoin price is consolidating at the $76,400 mark after an aggressive surge over the past week. Bulls are firmly in control, and the price has managed to break above previous all-time highs.

The above is the detailed content of Bitcoin Enters Price Discovery Mode, Targeting $88.8K as Bull Trend Shows No Signs of Slowing Down. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn