The price of Bitcoin has just scored a new ATH by exceeding $ 123,200, and the dominance of Bitcoin is now below 60 %. Capitals are gradually moving towards altcoins, but beware, the king of cryptocurrencies may not have finished talking about him. Indeed, some indicators are always encouraging, and an increase in $ 200,000 is possible. And the Bitcoin course could even go even higher on this cycle in the event of high demand. We enter the details in the ballot of August 14!
The Bitcoin course marks an ATH and increased by 2.5 % in 24 hours
Tonight, the king of cryptos has Flated $ 124,500 On Binance, then he fell around $ 121,000. Bitcoin course has an increase in 2.5 % in 24 hoursand he progresses from nearly 7 % in a weekof 4 % in a month and 17.4 % in three months :
| Pair | 1H | 24h | 7J | 1M | 3m | 6m |
|---|---|---|---|---|---|---|
 BTC/ETH |
-0.33% | 0.56% | -17.56% | -35.02% | -36.08% | -27.72% |
|
BTC/USDT |
-0.78% | 2.54% | 6.61% | 4.18% | 17.42% | 25.14% |
Bitcoin performance in the face of different pairs. Source: Coincheckup
Faced with the dollar, the BTC has been in green for six months. The BTC competes with Ethereum over the last 24 hours, but it is lagging over six months. BTC/ETH pair Fall of 17.6 % in a weekof 35 % in a month and 28 % in six months.
Towards a Bitcoin top at more than $ 350,000?
The indicator called Investor Tool tends to identify well periods of bullish and lowering excess On Bitcoin. Indeed, when the price of the BTC climbs beyond the Multiple 5 of the two -year mobile average (green), a top is set up. And when the course drops under the Mobile average over two years (red), a opportunity long -term purchase arrives historically:
When the BTC passes Beyond the red curvehe usually heads for green curve. This is more than 350 000 $. For the moment, the king of cryptocurrencies is Very far from the bullish excess zoneand it will take a very sustained demand (ETF, companies, retail) to be able to reach $ 350,000. Still according to this indicator, a new opportunity would intervene in the event of a fall around the 70 000 $ (red curve). The Investor Tool has worked very well so far, but it could sooner or later be wrong.
The BTC course closes beyond the last ATH at $ 123,190 in 4 hours
The upward dynamic in 4 hours allowed Bitcoin to return to the height of the Previous ATH. Besides, the course has just Closing above the last ATH at $ 123,190 A 4H:
The BTC then fell under $ 122,000and a rebound could arrive around Mobile averages (EMA 9/EMA 18) Housing. These mobile averages have been supporting for several days, but in the event that they do not allow bouncethe course could find the Support at $ 117,000. The RSI will have to develop beyond 76 To avoid saving a divergence in the short term (shortness of breath).
The price of Bitcoin has just validated a new ATH beyond $ 124,000, and the Investor Tool indicates that an increase in the direction of $ 350,000 is possible on this cycle. An extremely high price objective, only achievable if demand remains very important, especially on the business side.
