Bitcoin suddenly hit a new all-time high after rising $2,000 in a few minutes

Bitcoin (Bitcoin) Surprised everyone on November 10th because the price movement of BTC suddenly hit a record high.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Bitcoin and Ethereum “relentlessly rise”

Data from Cointelegraph Markets Pro with Transaction view Capturing the rapid change in the direction of BTC/USD, it rose by $2,000 in just 45 minutes.

With various Similar actions In recent weeks, Bitcoin has not only reversed the previous short-term downward trend, but also surpassed the previous record high of $68,564.

At the time of writing this article, the volatility is not over yet, because $69,000 is in sight, and with it comes the prospect of the significant psychologically significant $70,000 mark.

As Cointelegraph Report, This level has been within the range of traders’ attention, and they believe that any adjustment during this period will still end with a new rise.

“Rally up mercilessly”, popular trader Pentoshi reacted.

“No decline has been given. Since 40.7k USD, BTC and ETH have been trending in a straight line, and there was a short period of consolidation. Will (short) do it right?”

The accompanying chart describes the $40,000 area as the possible “last decline in history” that Bitcoin is now in price discovery mode.

BTC/USD annotated price chart.Source: Pentoshi/Twitter

ETH copies Bitcoin to a record high

Ether (Ethereum), Binance Coin (Bitcoin) with Ripple With the rapid changes in mood that day, they also reversed their downward stance.

related: Bitcoin will reach $250,000 in January 2022, but it will “invalidate” the S2FX BTC price model-new prediction

ETH/USD followed Bitcoin to a record high of US$4,868-rising Approaching the $5,000 mark.

ETH/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

At the time of writing, the US market will still open, and traders are concerned about the sell-off of Tesla (TSLA) on Tuesday. Chain shock Cross-encryption market.