🪙 Bitcoin reached 80,000 dollars and enters "exploration zone"
🚀 The digital currency marked a new all-time high. In the "exploration zone" there are no previous resistances to anticipate upcoming movements.
Several projections about the price of bitcoin extend the bullish cycle until 2025. By marking a new all-time high, bitcoin enters what is called the "exploration zone" or "uncharted territory".
This expression is used to refer to a price area where a financial asset — bitcoin, in this case — has never been before. There are no supports or resistances that can be used to anticipate the upcoming price movements of bitcoin.
Stay calm if you are a Junior trader as you could incur losses, seek advice before taking action.
