Moving towards a new high, hope for traders has skyrocketed as the giant shows a new overall high.
Considering the new ban in various countries, the bias is in the favour of the rise of this giant. We expect this to climb more this week as more investors come into the market.
The present price is $46,562 as bitcoin all-time high reaches $47,500. Speculations are that bitcoin price might reach $50,000 this month.
Before staking as a new investor it’s best to wait for a little pullback in price so as to get a discount before the price pushes high. This is advisable so you don’t get caught up in a whale of losses.
Looking at the technical indicators:
- Major Support Level – $40,918