Bitcoin Surges to New Record high
Bitcoin has reached an unprecedented peak, soaring to $109,400.68. This new all-time high was achieved on may 21, marking a meaningful milestone for the cryptocurrency.
The recent surge comes after a strong bull market in May. In the last 24 hours, Bitcoin’s value climbed by 4.52%. This upward trend was supported by robust technical indicators. For instance, Bitcoin broke through its 21-day Exponential Moving Average (EMA), which now acts as a resistance level.
Over the past month, Bitcoin has consistently shown higher highs and lower lows. The $102,790 level now serves as a strong support for the asset. This latest rally surpasses Bitcoin’s previous record high of $109,114.88, set on January 20.
The current bull run began in November and has seen Bitcoin’s value rise by 24.10% in the last 30 days. over the past year, the cryptocurrency has gained an extraordinary 55.73%. These figures highlight Bitcoin’s growing popularity and its potential as a valuable investment.
