Bitcoin hits new high
2024-12-10
Category: None

Bitcoin could rise again after profit taking
Yesterday, at the close of the US market, Bitcoin experienced a release of liquidity and fell to 94150. The quick move sent the price of bitcoin down nearly 7 percent.

However, the bullish trend remains very strong and the pattern is bullish. The sell-off may be a time for profit-taking, but the bullish trend is intact and prices are expected to continue to rise gradually.

I am watching Bitcoin rise again to 101K, 103K, and possibly to a new all-time high of 107K.