The target for bitcoin (BTC) is a rate above $100,000. After a correction on Tuesday, the price is once again above $96,000, indicating a short-term bullish trading environment. Technical analysts expect a rally to $109,000. However, if BTC bounces off the key $100,000 resistance, the price could drop back to $87,000 – the current lowest support level.
Dormant bitcoin wallets are waking up, as evidenced by a significant decrease in the average dollar investment age (MDIA). This suggests growing confidence in the market and could lead to stronger bullish momentum as more bitcoins enter the market cycle.
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<p>The post Bitcoin Breaks All-Time Highs: Is $109,000 Next? first appeared on CoinBuzzFeed.</p>
