CandleFocus Bitcoin Breaks a Record Again: New ATH is $88,378 – Analyst Predicts How Long the Rally Will Continue
2024-11-12
Author: Content Editor
Bitcoin reached a new all-time high price of $88,378, with a 10% increase in the past 24 hours. However, market volatility led to significant liquidations of $571 million, with $206 million in long positions and $365 million in short positions. Analyst Rekt Capital predicts that Bitcoin could reach $96,500 by the end of the year based on previous record patterns and the post-halving rise that typically occurs after about 214 days. This current cycle has seen a new record 9 days earlier than expected, indicating further potential momentum for around 9 more days.
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