Bitcoin price breaks its former all-time high surpassing April's $64.8k peak and is now officially looking at price discovery.
This comes on the back of serious developments in the industry - just on the second day of trading for the hugely popular Proshares Bitcoin Strategy ETF, BTC/USD again surged ahead of the U.S. Open.
The previous all-time high of Bitcoin's price was set on April 14th, 2021 and it was at $64,895 trading on Bitstamp exchange - exactly 6 months and 6 days ago. As of writing these lines and shortly after breaking the ATH level, Bitcoin quickly reached a record high of $66,415.
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| BTC/USD, Bitstamp. Chart by TradingView |
As Cointelegraph reported, expectations remain for even higher levels to hit in the coming weeks and months, these interspersed by brief corrections to establish new support levels.
The highest estimates for the short term currently center around as much as $300,000 per Bitcoin.
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