Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Bitcoin (BTC) price hit a new all-time high at $77,000 on Nov. 8 and traders anticipate the up move to continue. Bitget Research chief analyst Ryan Lee anticipates Bitcoin to surge to “$100,000 within the next three months.”
Analysts believe that the recent Bitcoin rally is not overheated and is backed by solid fundamentals. Galaxy head of research Alex Thorn said in a Nov. 7 market report viewed by Cointelegraph that Bitcoin and other cryptocurrencies are likely to trade “at levels significantly above today’s all-time high over the next 12-18 months.”
Crypto market data daily view. Source: Coin360
