BITCOIN AND GOLD IS TRYING TO CREATE A NEW ALL TIME HIGH

Hello there!

How are you all? I hope you are blessed and well. In today's post, we will discuss the market trend of Bitcoin, which is bullish today and trying to break the previous ATH and create a new one.

Coingecko

Well, the BTC surges from 119500 to almost 124k in the 24-hour low and high range, which gained almost $10k+ pump since last week. Most of the traders got trapped when i heard that the BTC would go to 105k and to the major support zone of 98k if it fell below 111k, and at that time, most of the traders shorted BTC, but it went up back in the reverse direction as i put some orders there in the down direction, and held till 113k, but the price pumped a lot in the last few days but at 120k i gave up and liquidated me.

What do you think about the BTC price? Will it hit the previous ATH and create a new one, or will it go back to its mid-range zone? The market sentiment is bullish, so it might be possible to reach a new ATH, but there is also a chance it may go down or hold this position till because of the weekend.

It is true that Crypto is unpredictable; sometimes, the uncertain news and things change the market direction, so surviving in this type of market is not easy. Recently, i held so many trades for a long time, but at the end, one news changed everything to zero.

Gold was one of my favorites when i started trading Gold, it was around $2000, and I started with a small equity of $100. and was not aware of the news thing in the forex market, and stopped out for the first time with the NFP news, later i learned about the news and other things, but at the end I was at a loss because i was preferring to short all the time and check the price of Gold now, which is near to hit the $4k. So i quit the forex trading long ago, which gave me enough losses.

Well, the overall market of Gold and BTC is bullish, including the major alts, ETH, and BNB, etc, but the alts are not yet pumped. Look at the hive price, which is still under 20 cents. Last time when the BTC was at 115k, the hive was trading around 23 cents, but this time the alts are not yet hopeful to see the alts get pumped, especially the hive.