Posted 2/19/2024, 4:00:00 PM
Bitcoin Price Soars to $52,800, Approaching All-Time High as Analysts Predict Continued Bull Run Towards $100,000
- Bitcoin (BTC) price reached a new yearly high of $52,800 on February 15, its highest weekly close since 2021
- BTC is approaching its previous all-time high of $60,000 again after regaining footing from a drop to $38,500
- Traders and analysts are overall bullish on BTC's price continuing to rise towards $100,000 before the next halving
- Technical analysis shows BTC likely to rise to $56,000 (1.61 external Fib level) before a correction in wave 4
- Support is at $51,800 (1.27 external Fib) and if BTC fails to hold $52,350, an 8% drop to $49,000 may occur