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October 2, 2022
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– Bitcoin, cryptocurrencies and blockchain technology.

Bitcoin holidays are a continuation of the last bullish rally. The oldest cryptocurrency has designated another ATH – this time at a level exceeding $ 25,000. Most altcoins have also made a lot of profit. Litecoin grew by around 15%, thus recording an annual peak of around $ 130.

Bitcoin Reaches New ATH Above $ 25,000

From the fall in price to $ 22,700 five days ago, BTC started an impressive rally up. In the following days, despite large fluctuations, the asset broke the level of 23 thousand. dollars and 24 thousand. dollars, even though the altcoin charts were rather red.

In the last 24 hours, BTC has confirmed its bullish intentions. The cryptocurrency first rose to $ 24,700 and then began another impressive jumps up.

This is how the oldest cryptocurrency reached the coveted $ 25,000 mark while gaining ATH. At the time of writing this article, the BTC price has even reached 26,000. USD and currently we have to pay $ 25,750 for one coin.

Technical indicators suggest that before potentially challenging the next $ 25,400 and $ 26,000 resistance lines, BTC must definitely overcome the psychological barrier of $ 25,000.

If the trend reverses and Bitcoin heads south, then $ 24,700 (previous ATH), $ 24,370, $ 24,000, and $ 22,700 could be used as support levels.

Bitcoin is gaining recognition

Bitcoin has recently been gaining recognition from institutional investors and famous personalities. Yesterday we reported that the Mayor of Miami – Francis Suarez is another high-profile figure who has spoken positively about Bitcoin (BTC). In a tweet on Thursday, Suarez called Bitcoin a “stable investment” during an “incredibly volatile year,” adding that he learned about a key cryptocurrency thanks to figures such as Tyler Winklevoss and Anthony Pompliano. This undoubtedly shows that the adoption of cryptocurrency in the mainstream continues to grow.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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