Bitcoin has renewed this year’s highs and headed for $ 11,000

  • Bitcoin as “digital gold” caught up and surpassed today’s gold rally.

  • Gold has stabilized at updated all-time highs.

  • Bitcoin has just updated this year’s highs.

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Bitcoin has broken the psychological $ 10,000 mark, demonstrating solidarity with gold prices, which have renewed their all-time high today. Now the currency continues to update highs.

Bitcoin has updated this year's highs and headed for $ 11,000

Today, the bitcoin rate (BTC) has once again justified the hopes of all participants in the crypto community and analysts, who consider cryptocurrency to be an analogue of “digital gold”. In particular, Bloomberg experts have long adhered to this position. This time, they were also quick to point out parallels in the price dynamics of bitcoin and gold..

Let us remind you that today gold – the traditional protective precious metal – opened a new trading week with a bullish gap and immediately began to move the highs, eventually updating the all-time high around $ 1945.

On this background bitcoin also staged a rally. After the opening of Asian trading, it accelerated in tandem with gold and confidently broke through the important psychological barrier of $ 10,000, which it had only tested the day before, and for some time settled in the $ 10,300 area.

However, further bulls for gold took a breather, and the yellow metal continued to consolidate near the record levels reached.

Tiggi Hawke – High Season (Visualizer)

Meanwhile, the BTC exchange rate launched an unexpected aggressive offensive an hour ago and attacked an important long-term resistance in the $ 10,500 area, before which the pair passed twice this year in February and June..

The breakdown of this important barrier accelerated the growth rate and pushed the currency towards the next round mark of $ 11,000 to new highs this year. The BTC has peaked at around $ 10,770 and is trading at $ 10,726.89 at the time of writing, with an 8.35% intraday gain, according to Coinmarketcap..

Bitcoin has updated this year's highs and headed for $ 11,000

Will the currency retrace after this aggressive push to $ 11 000? Join the discussion in our Telegram channel – and you will find out everything!

We also note that before the evening rally in cryptocurrency, Fundstrat Global Advisors analyst Rob Slimer warned that he expects a breakdown of the $ 10,000- $ 10,500 resistance area, since the overall long-term picture for Bitcoin is bullish. He added that a successful breakout of this area would target the market to the next $ 13,800 level..


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