3 min readBITCOIN (BTC/USD):
Bitcoin has finally reached new all-time highs! Following the results of the U.S. elections, we saw a remarkable surge in volatility overnight. Currently, Bitcoin is trading just above $74,000, though in the early hours this morning, it briefly climbed to over $75,000, setting new records.
A closer look at the technicals suggests that the next logical area for price discovery, if the upward trend continues, would be around $80,000. I’ll be monitoring price action closely throughout the day to see how near we get to this level. The RSI indicator doesn’t currently indicate that the price action is “overbought,” suggesting room for further growth.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
