We are witnessing one of the most exciting periods for the true all-time high (ATH), as Bitcoin (BTC) $89,583 stability continues to rise. BTC keeps reaching new peaks, prompting various cryptocurrencies to see new highs in 2024. As this article is prepared, it remains focused on pushing the peak further upward.
Bitcoin (BTC) Performance
In the Turkish lira (TRY) market, the price of Bitcoin has surpassed 2,879,823 liras. Approaching 3 million TL, Bitcoin (BTC) reached as high as 83,744 dollars in USD markets. At the time of writing, the price is still below the ATH level, and we will likely see it hit 84,000 dollars in the coming hours. Meanwhile, DOGE nears the 0.31 dollar mark, and SOL Coin has surpassed 220 dollars.
Market Considerations
BTC is likely to continue making new peaks every few hours. The 89,000 dollar level presents a significant resistance point and is one of the largest hurdles before attempting a six-figure price target. While daily record levels may be observed, traders should remain cautious of sudden double-digit pullbacks, which could occur speculatively. Large sell-offs could lead to volatile fluctuations, especially opening the door to massive liquidations in futures trading.