Bitcoin rallied to its all-time high of $ 24,300 before dropping $ 1,000. Bitcoin Cash surged to a 10-month high of $ 375.Bitcoin’s weekend ended in high volatility again, with an all-time high of $ 24,300 followed by a violent rejection to $ 23,100. Most alternative cryptocurrencies, with the exception of Bitcoin Cash, have stalled in the past 24 hours. Bitcoin Cash rose 15% for the first time since February, reaching its highest level.

Bitcoin’s New ATH

The past few days have passed wildly bullish trajectories for the leading cryptocurrency. After finally breaking above the conspicuous $ 20,000 price tag, BTC continued to move forward and marked all-time highs during the week.

Bitcoin entered the weekend in consolidation mode. However, this consolidation did not take long. As reported yesterday, BTC dropped about $ 1,000 in an hour.

The bulls, however, stopped the movement and did not allow further declines. Bitcoin made up for losses fairly quickly and came back to higher targets. This rise resulted in a new all-time high of $ 24,300 just a few hours ago.

Technical indicators show that the initial resistance lines are $ 24,200, $ 24,500 and $ 25,000. On the other hand, the support levels are $ 23,000, $ 22,250 and $ 21,400.

See Also
MicroStrategy buys 253 more bitcoins for $ 15.0 million

Bitcoin Cash exploded

Most altcoins mimicked BTC’s latest price developments. Ethereum fell from $ 660 to $ 620 within minutes and then jumped to $ 640. Ripple fell from $ 0.585 to $ 0.535 and is currently sitting at $ 0.555.

Chainlink fell 2%, Polkadot 2%, Cardano 0.6% and Litecoin fell 5%.

Binance Coin rose 3% and approached $ 35. However, Bitcoin Cash surpassed top 10 cryptocurrencies with an impressive 15% increase. As a result, BCH jumped to $ 375 a few hours ago. This level is BCH’s highest price level since February 2020.


Please enter your comment!
Please enter your name here