Bitcoin - Review from 14.11.2024
Published on 14.11.2024 10:08
The price of Bitcoin grew by 16% from November 11th to 13th, surpassing the $93,000 mark for the first time. Thus, the price has reached a new historical high. We had written about the possibility of such a development on Wednesday. However, today, traders and investors will be cautious. The reason for this caution is the upcoming speech by the Chairman of the US Federal Reserve Jerome Powell and the publication of significant economic indicators in the United States. New data could impact the market's expectations for the dollar and, subsequently, adjust the perspective on Bitcoin price against the American currency. Technically, the upward movement was less confident than before, and the probability of a correctional drop is becoming higher. But it is important to remember that the upward trend is still unbroken.