Bitcoin hits new all time high $71.8k, heading toward $80k level


Finally, all the Bitcoin holders are in profit with the current trade price level and the investors are waiting for new heights to enjoy this bull run.

The current trade price of Bitcoin (BTC) is $71,664 & this trade price is 2.7% higher over the last 24 hours.

Already a popular crypto analyst shared his prediction on the next price level of Bitcoin & noted that $74k is the next resistance level.

Many crypto analysts noted that Bitcoin is perfectly following its past pre-halving Bitcoin halving pattern. While some technical analysts claimed that it was not expected to see such a high pump & this is a very big indication that Bitcoin is going to hit a very big level in the next 12 months.

The net Bitcoin buy competition among the big players is continuously increasing, thanks to the Bitcoin spot ETF applications which are helping the best way to buy Bitcoin without any headache of fund custody.

Amid these bull sentiments, the trade price of Ethereum (ETH) also surpassed the $4k level but so far ETH trade price is $800 far from its all-time high (ATH).

Bitcoin halving

Bitcoin is nearly 35 days away from the Bitcoin halving event. After that Bitcoin reward per block will reduce to 3.125 BTC from 6.25 BTC.

After halving, it is expected that the trade price of Bitcoin will explode exponentially to 100%. In short, the trade price will be above the $120k level in the next 12 months.

Read also: “Crypto Network Fork” is the solution against the misuse of quantum computers, says Vitalik Buterin