Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The price of Bitcoin, the world’s largest cryptocurrency, touched an intraday high of $23,684 earlier today on the Bitstamp exchange.
The flagship cryptocurrency has now added more than 23% over the past week.
Is $28,000 possible?
Mark Newton, global head of technical strategy at Fundstrat Global Advisors, is now confident that Bitcoin bottomed out at the $17,600 level.
Alex DovbnyaIn fact, Newton adds that the cryptocurrency could potentially reclaim the $28,000 level “before any backing and filling.”
Bitcoin is still down roughly 66% from its record peak, according to data provided by CoinGecko.
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team