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Bitcoin hits $113k All-Time High but Analyst Predicts $200k
Bitcoin hit a new all-time high (ATH) of $113,833.84 on July 10. It's the first time that the cryptocurrency's price has surpassed the $113,000 mark in its short history of 16 years.
The daily MACD has just turned positive. Last week, the blue line moved above the signal line, and the green bars (histogram) are rising, indicating that momentum is growing. If it continues above the +1,400 region, it will lead to strong price rallies.
With a new high in Bitcoin, the previous high was at $111,970 and is now the support level. If that level is breached, the next critical level to watch is $109,000. As long as the MACD continues to rise, a pullback to...