Bitcoin is spreading its wings once again to make another high in terms of price. Right now the price of bitcoin is trading near $58384. I agree, Bitcoin came down from the previous price of $61844. But if we look at the fact that its price on Tuesday had gone as low as $53271, but on Wednesday the price went up and the price reached $58974.
Looking at the current charts, bitcoin looks very bullish, and hopefully, we can see bitcoin at a new high this weekend. In my views, there is every possibility that the next bull run is will take Bitcoin past $70,000. Bitcoin in all probabilities is going to reach a new high in the coming week. The next 24 hours are also showing a lot of changes in Bitcoin price for sure.
Bitcoin has been quoted by MMCrypto on Twitter, where it is following a certain trend. According to my own views, Bitcoin has all the potential to go above $60000 in the next 24 hours. And if Bitcoin is above this in a day’s candle, and if it remains there for two days, then the price can go up considerably.
And now let’s talk about Cardano’s price touching a new high
The most talked-about coin even more than the big brother Bitcoin in the crypto market at this moment perhaps is ADA, (Incidentally, Cardano is trading on Coinbase).
Its price was being watched by traders for a long time and ADA is currently running above $1.40. The ADA was at its maximum price last month and at this price. It has come in three years’ time and that is why it is trading at number 3 on the coin market.
Everyone is very bullish about the price of ADA, and therefore the trader’s sentiments with the ADA are taking it even higher. If you look at the pattern, the price of the ADA, then soon it can go above $2. The ADA is testing its high of what it was three years ago. And now since its price has gone past that.
If a one-day candle stays above $1.40 or $1.45 then we are going to witness a huge jump in the price of ADA in the coming weeks. There is little possibility of bitcoin going down in the market and the same probably as ADA. So as I see the possibility of a fall in the price I would suggest staying invested or buy these two.
Note- The above writeup is entirely my personal view based on current market study
