The Bitcoin knows no more! On Thursday, the record rally continues the most important cryptocurrency. For the first time in its history, the course of $ 113,000 climbed. A value of almost $ 113,800 was reached on the top of the Bitstamp trading platform. That was the first the evening before From over $ 112,040 directly powdered again.
With the jump over the $ 112,000 mark, the Bitcoin cleared the last noteworthy resistance the evening before. The cryptocurrency has now won backwind again. As the shareholder reports, Kyle Reidhead, co-founder of the crypto newsletter Milk Road, is now increasing to $ 150,000. Specifically, the crypto specialist wrote:“We'll see you at $ 150,000”. Reidhead is true One of his view exemplary “Cup-and-Handle formation” in the chart. This is one of the strongest purchase signals in technical analysis.
Short-squeeze as a fire-handle
The outbreak caught countless traders on the wrong foot. Bitfinex analysts reported hesitant buyers on Tuesday. This caution was punished expensive. According to Coinglass data, Bitcoin short positions worth $ 217.55 million have been liquidated in the last 24 hours. But that's just the tip of the iceberg: other short positions worth $ 1.6 billion threaten to be erased if the Bitcoin only cracks the $ 115,000 mark. This mechanism acts like a fire accelerator for the current rally.
The Bitcoin remains in rally mode. Investors let their profits continue. If you do not have your own wallet, but still want to invest in Bitcoin, you can rely on the Bitcoin Direct ETP of NXTSEST. This makes the acquisition of Bitcoin as easy as buying a share.
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Reference to conflicts of interest
The board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, is directly and indirectly received positions on the subsequent financial instruments mentioned in the publication or this related derivatives that can benefit from the price development resulting from the publication: Bitcoin – United States dollar.
NXTSESS GmbH, in which Börsenmedien AG immediately holds a participation, is the issuer of the financial product: NXtSet's Bitcoin Direct ETP.
