Bitcoin New All Time High, Breaks $97,000!
2024-11-21
Bittime - Bitcoin is hitting again All-Time High or ATH just broke the $97,000 mark.
With this new Bitcoin All-Time High, the bullish momentum is predicted to persist at least until the end of the year. Read this article to find out more!
Bitcoin New All Time High
Source: Coinmarketcap.com
PToday, November 21, precisely at 13.00 WIB, the price of BTC reached a new Bitcoin All-Time High at $97,862 or around Rp. 1,558,905,382.
The increase in BTC prices to record a new Bitcoin ATH cannot be separated from increasing investor interest. Based on the latest data, open interest in the Bitcoin futures market rose by around 3%, indicating continued buying pressure.
Famous figures such as Robert Kiyosaki even supporting Michael Saylor's prediction that the price of Bitcoin could reach $13 million by 2045. Saylor estimates that Bitcoin will control 7% of total global capital.
Read Also: Latest Bitcoin ATH Record, Will It Break $100K per BTC?
Bitcoin New All Time High, Donald Trump's Victory Effect
Donald Trump's victory in the recent presidential election was also one of the triggers for the BTC price spike to Bitcoin's new ATH.
Trump's previous statement about making Bitcoin a strategic reserve of the United States has raised optimism in the market.
Speculation regarding clearer crypto regulatory policies under the Trump administration is also driving interest among market players.
Many believe that this will pave the way for wider adoption of Bitcoin among institutions and the general public.
Bitcoin New All Time High: Technical Indicators
Technically, indicators like Relative Strength Index (RSI) shows strong bullish momentum, with the RSI value reaching 76.74.
However, this value also indicates overbought conditions, which means traders need to be careful of possible short-term consolidation or correction.
Besides that, On-Balance Volume (OBV) showed a significant increase, indicating strong accumulation by large players.
MThis Bitcoin All-Time High moment increasingly shows the great potential this digital asset has. It cannot be denied that Bitcoin is an investment instrument that is worth considering.
Read Also: Bitcoin Rainbow Chart: Understanding and How to Understand BTC Market Sentiment
Bitcoin FAQ
What are Bitcoins?
Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.
1 BTC How Much Rupiah?
Currently, 1 BTC is worth IDR 1,568,299,549 based on the Bittime market.
1 BTC How Much USD?
Currently, Currently, 1 BTC is worth $98,080 according to Coinmarketcap.
How to Buy Crypto di Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.
Reference:
Blockonomi, Media Crypto Blockonomi, accessed November 21, 2024.
WITH Crypto, Media Crypto WITH Crypto, accessed November 21, 2024.
Coin Market Cap, Media Crypto Coin Market Cap, accessed November 21, 2024.
Author: IPR
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
