On Monday, Bitcoin began surging toward its all-time high. The king of cryptocurrencies rose by over 4% to $66,170, approaching its ATH of $67,016, which it reached on October 20.
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What is Bitcoin
Bitcoin is the top cryptocurrency by market cap and the first one that ever existed. It is the subject of the ongoing trial of the century. It’s gaining mainstream acceptance, propelled by the SEC’s endorsement of the first Bitcoin ETF in the US. It is also highly coveted as a store of value in these highly uncertain times.
Should I buy BTC today?
Bitcoin is an excellent long-term investment, but exercise caution if shorting.
BTC price prediction
The price of Bitcoin is expected to keep increasing. According to JPMorgan, it will reach $146,000 over the long term if its volatility subsides and institutional investors begin prioritizing Bitcoin over gold. The price is expected to reach $73,000 in 2022.
BTC on social media
— Crypto Trader Pro 🇺🇸 (@CryptoTraderPro) November 8, 2021
$BTC 4h, looks like we are in a ascending broadening wedge pattern. Breakdown target is at $53,000. But if any how we breakout $66,500 Get bullish. Quick update I hope you guys like it.
— Future Bro ≜ (@thefuturebro) November 8, 2021