adminBitcoin Hits Another Record High
50 minutes ago
Bitcoin (BTCUSD) rose to a record high of $94,500 Wednesday morning, extending a post-election rally amid optimism that the Trump administration will implement policies that benefit the cryptocurrency market.
Bitcoin has recently registered its highest trading volumes since mid-March, signaling buying activity from larger market participants, such as institutional investors.
A measured move, which calculates the percentage change of Bitcoin’s trend higher from October 2023 to March this year and adds it to the lower trendline value of the cryptocurrency’s recent eight-month trading range, forecasts a price target of $154,000.
Investors should watch key support levels on Bitcoin's chart around $70,000 and $55,000.
Read the full technical analysis piece here.
–Timothy Smith
Major Stock Index Futures Slightly Higher
1 hr 52 min ago
Futures tied to the Dow Jones Industrial Average were up 0.2%.
S&P 500 futures were also up 0.2%.
Nasdaq 100 futures were up 0.2%.
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