When it comes to Brazilian ATH (All Time High), the main digital currency in the world keeps breaking records, reaching as much as R $ 90 thousand. In dollars, 17 thousand is already at the door.
The dollar price helps if we compare to 2017 (Bitcoin’s last ATH) when the BTC was almost $ 20,000, but it didn’t quite hit 70,000 reais in Brazil. So, if we count in reais, we already have almost 50% more increase. And, in dollars, there is a knock on the door.
And the graph?
The bullish kick that starts in the $ 11300 range – supposed break-even point in mining costs – shows no sign of a stronger correction.
Since the 19th of October, climbing without a brake and stamping graphic purchases without breathing.
Can be one FOMO (Fear of missing out) which, in a nutshell, means that people are afraid to stay out of the Bitcoin explosion and miss the opportunity.
Anyway, graphically, the price asks for a correction. It is healthy for the BTC to take a breather and keep going up.
Maybe, not before $ 17k.
A $ 14800 correction is super healthy and still keeps Bitcoin at a super high.
A correction in the $ 13200- $ 13800 range is OK, and still maintains the high (does not reverse the trend).
But now that he has confirmed the open path, the analyst who speaks to you believes that he will get the 17k before correcting more strongly.
$ 17k is already at the door. Let’s follow.