Mike

2024

Bitcoin

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The price of Bitcoin recently <a href="https://www.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">reached</a> a new record high of $93,874 on the Bitstamp exchange.
The market cap of the leading cryptocurrency has now surged to as high as $1.85 trillion, according to recent data provided by CoinGecko.
Bitcoin is now up by more than 33% during this November after adding 11% in October.
Jesse Colombo, a prominent trader, has noted that the largest cryptocurrency is currently in the process of breaking out of its triangle pattern on the four-hour chart.
If the breakout holds, Bitcoin should "run" to the much-coveted $100,000 level, according to Colombo.
<blockquote class="twitter-tweet">
 Bitcoin is now breaking out of its triangle/pennant pattern on the 4-hour intraday chart.Assuming this breakout holds, it should run to $100,000+ fairly quickly.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> <a href="https://t.co/kx5GzNDh3U" rel="noopener noreferrer nofollow">pic.twitter.com/kx5GzNDh3U</a>— Jesse Colombo (@TheBubbleBubble) <a href="https://twitter.com/TheBubbleBubble/status/1858938135477944751?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a>
</blockquote>
The most recent Bitcoin price uptick comes following the launch of spot ETF options in the US.
As<a href="https://u.today/bitcoin-bull-novogratz-we-are-in-paradigm-shift" rel="noopener noreferrer nofollow">reported by U.Today</a>, the launch of these options was described as a "paradigm shift" by cryptocurrency mogul Mike Novogratz. <a href="https://u.today/bitcoin-hits-record-highs-approaches-94k" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin Hits Record Highs, Approaches $94K

U_Today

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