Bitcoin Surpasses $108,000 and Eyes New Heights

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Coin-Turk 11 months ago 216

The leading cryptocurrency continues to push its peaks upward, now exceeding $108,000. Experts have discussed the possibility of reaching a target of $110,000 before the year ends, but given the ongoing rise, even higher levels seem attainable.

Bitcoin (BTC ($87,707.00))

Bitcoin $107,997‘s price is surging quickly ahead of the upcoming Fed interest rate announcement. At the time of writing, the price has surpassed $108,250 and continues to climb, targeting $110,000. However, it is essential for traders to remember that such rapid increases can lead to significant liquidity hunts and subsequent declines.

Bulls have demonstrated their belief in higher peaks by maintaining support at $104,000 following resistance at $102,500. Although QCP does not anticipate significant gains by the year’s end, the current outlook indicates the potential for a new cycle peak between $110,000 ...



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