The post Bitcoin Breaks Out, Records Spectacular Surge To 6-Month High Of $24.9k! appeared first on Coinpedia Fintech News
Bitcoin, the world’s most valuable digital currency, has surged to a new six-month all-time high of $24.9k in the past 24 hours. The recent breakout on the BTC/USD chart has come amidst fear of a renewed bear market after the occurrence of the dreaded death cross on the weekly timeframe. The surprise surge has resulted in the liquidation of 54,308 traders in the past 24 hours, amounting to a total of $211.75 million.
According to market analysts, the recent Bitcoin surge can be attributed to increased whale activity as they exit the stablecoins industry following a crackdown by US regulators. All eyes are now on the next psychological resistance level of $25k, which is the next target set by most analysts.
A solid daily candle above $25k will be considered a robust bullish thesis. However, if the Bitcoin price rebounds from $25k and retracts below $21.3k, bearis
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