Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

2025-05-13

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Price Crosses $75,000 to Hit New ATH – Will $86,000 Drop Soon?
Bitcoin

Bitcoin Price Crosses $75,000 to Hit New ATH – Will $86,000 Drop Soon?

2024-11-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bitcoin has hit its March high, pushing it towards a new ATH on the charts
  • Statistics suggested that the crypto could potentially reach as high as $80,000

Bitcoin [BTC] is in the news today after briefly hitting a new all-time high (ATH) of over $75,116 on election night in the United States. Despite some depreciation, the cryptocurrency was still trading just below the aforementioned level at the time of writing, valued at $74,791.

That’s not all, because the chances of a likely Donald Trump victory rose above 90% on Polymarket. This confirmed some of AMBCrypto’s election goals projected based on the results of the American elections.

BTC new ATHBTC new ATH

Source: Polymarkt

Based on these preliminary results, the trend seemed to point to a likely bullish outcome for the markets, should Trump be declared the official winner.

However, now that BTC is above $70,000, is it too expensive to bid at these levels, or can latecomers still benefit? Let’s explore the key rating metrics and network metrics for some answers.

What’s next after BTC’s new ATH?

Based on Bitcoin’s short-term risk assessment, CryptoQuant analyst Axel Adler recently said projected that $86,000 could be the next target. He said,

“At the $86.2K level, the fate of the bull run will be decided. If the price breaks above this point and forms strong bullish momentum, we will finally see what everyone has been waiting for.”

BTC ATBTC AT

Source: CryptoQuant

In 2020, BTC had a parabolic rally as it broke above the risky upper limit. This could be the most important level to watch and break in 2024.

See also  Crypto Analyst Says Bitcoin at $100,000 Not Far Away, Here's When

Huge space for an additional BTC rally

Another valuation metric, the MVRV (market value versus realized value) ratio, also indicated huge growth potential. MVRV tracks whether BTC is cheap (undervalued) or too expensive (overvalued).

Despite its new ATH, BTC was still cheap according to the MVRV and stood at 2. This seemed to mirror the patterns of 2017/2020, just before the explosive runs. In most cases, an MVRV ratio of 4 (red) is considered overheated or overvalued, while 1 and below is considered cheap.

BTC new ATHBTC new ATH

Source: CryptoQuant


Read Bitcoin [BTC] Price forecast 2024-2025


Finally the network growth also looked great for Bitcoin’s additional rally. Daily active addresses returned from their lows since September, with the same increase to the 1 million mark – a sign of increased demand and market interest for BTC.

BTC new ATHBTC new ATH

Source: CryptoQuant

In the options market, after the $70,000 level had already been reached, major players placed big bets on $80,000 and $85,000 targets for November, based on the recent inflows on CME BTC Futures.

However, at the time of writing, there were still protective bets (downside protection) at $50,000, probably if Kamala wins, as noted options trader Peter Stewart says. noted. He said,

“CME added a similar fictitious clip (but a lower premium) to 85k calls from November 29, and also a clip from 80k calls from November 29. On the protective side, $200 million worth of Nov 29 70k-50k Put spreads were purchased.”

BTC new ATHBTC new ATH

Source: CME Futures

In conclusion, statistics and options data indicated that the +$80,000 target could be likely in the medium term. However, any negative macroeconomic developments or a Kamala Harris victory could dent or delay these bullish projections.

See also  Breaking through the Ethereum price could cause a new wave

Next: Cardano: What whale retention patterns reveal about the future of ADA

Source link

ATH Bitcoin Crosses Drop hit Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

2025-05-13

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12

Litecoin price analysis and forecast in the short term

2025-05-12
Add A Comment

Comments are closed.

Top Posts

Soneium announces collaboration with Colabs for NFT innovation

2025-02-17

Unsfraems the mission with .mery domains 👻

2025-04-21

Bitcoin funding rates on BitMEX turn deep red, here’s why this is bullish

2023-05-11
Editors Picks

Ethereum – Price breaks out – 10% Surge Sparks Bullish Momentum

2025-03-03

Ethereum Net Taker Volume indicates a huge sales pressure – Can bulls hold important levels?

2025-03-13

Bybit to terminate multiple web3 services in Strategic Pivot

2025-04-16

Bitcoin will be added to the official Republican 2024 platform after today’s vote

2024-07-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,689.49-1.65%
  • ethereumEthereum(ETH)$2,463.87-3.21%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.503.70%
  • binancecoinBNB(BNB)$649.93-1.44%
  • solanaSolana(SOL)$171.55-2.35%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.224549-7.89%
  • cardanoCardano(ADA)$0.79-3.70%
  • tronTRON(TRX)$0.262051-1.65%
  • suiSui(SUI)$3.96-6.12%
  • chainlinkChainlink(LINK)$16.44-5.84%
  • avalanche-2Avalanche(AVAX)$24.32-6.44%
  • stellarStellar(XLM)$0.305154-2.24%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.80%
  • hedera-hashgraphHedera(HBAR)$0.207130-3.25%
  • hyperliquidHyperliquid(HYPE)$24.63-1.01%
  • the-open-networkToncoin(TON)$3.29-5.14%
  • piPi(PI)$1.12-27.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.593.05%
  • bitcoin-cashBitcoin Cash(BCH)$398.74-3.34%
  • polkadotPolkadot(DOT)$4.98-5.34%
  • litecoinLitecoin(LTC)$102.820.57%
  • moneroMonero(XMR)$342.13-1.28%
  • pepePepe(PEPE)$0.000014-7.16%
  • bitget-tokenBitget Token(BGB)$4.70-4.28%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.66-6.66%
  • bittensorBittensor(TAO)$456.86-3.25%
  • nearNEAR Protocol(NEAR)$3.06-5.03%
  • aptosAptos(APT)$5.68-5.74%
  • aaveAave(AAVE)$215.51-3.31%
  • okbOKB(OKB)$53.89-2.66%
  • ondo-financeOndo(ONDO)$1.00-6.89%
  • kaspaKaspa(KAS)$0.117088-9.29%
  • internet-computerInternet Computer(ICP)$5.58-5.59%
  • ethereum-classicEthereum Classic(ETC)$19.38-4.96%
  • gatechain-tokenGateToken(GT)$22.040.41%
  • mantleMantle(MNT)$0.79-2.62%
  • crypto-com-chainCronos(CRO)$0.098705-2.49%
  • render-tokenRender(RENDER)$5.03-6.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.247904-5.87%
  • vechainVeChain(VET)$0.030002-9.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.78-9.26%
  • ethenaEthena(ENA)$0.375607-10.84%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • filecoinFilecoin(FIL)$3.02-6.48%
  • algorandAlgorand(ALGO)$0.233445-4.74%
  • arbitrumArbitrum(ARB)$0.420670-8.77%
  • bitcoinBitcoin(BTC)$102,689.49-1.65%
  • ethereumEthereum(ETH)$2,463.87-3.21%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.503.70%
  • binancecoinBNB(BNB)$649.93-1.44%
  • solanaSolana(SOL)$171.55-2.35%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.224549-7.89%
  • cardanoCardano(ADA)$0.79-3.70%
  • tronTRON(TRX)$0.262051-1.65%
  • suiSui(SUI)$3.96-6.12%
  • chainlinkChainlink(LINK)$16.44-5.84%
  • avalanche-2Avalanche(AVAX)$24.32-6.44%
  • stellarStellar(XLM)$0.305154-2.24%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.80%
  • hedera-hashgraphHedera(HBAR)$0.207130-3.25%
  • hyperliquidHyperliquid(HYPE)$24.63-1.01%
  • the-open-networkToncoin(TON)$3.29-5.14%
  • piPi(PI)$1.12-27.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.593.05%
  • bitcoin-cashBitcoin Cash(BCH)$398.74-3.34%
  • polkadotPolkadot(DOT)$4.98-5.34%
  • litecoinLitecoin(LTC)$102.820.57%
  • moneroMonero(XMR)$342.13-1.28%
  • pepePepe(PEPE)$0.000014-7.16%
  • bitget-tokenBitget Token(BGB)$4.70-4.28%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.66-6.66%
  • bittensorBittensor(TAO)$456.86-3.25%
  • nearNEAR Protocol(NEAR)$3.06-5.03%
  • aptosAptos(APT)$5.68-5.74%
  • aaveAave(AAVE)$215.51-3.31%
  • okbOKB(OKB)$53.89-2.66%
  • ondo-financeOndo(ONDO)$1.00-6.89%
  • kaspaKaspa(KAS)$0.117088-9.29%
  • internet-computerInternet Computer(ICP)$5.58-5.59%
  • ethereum-classicEthereum Classic(ETC)$19.38-4.96%
  • gatechain-tokenGateToken(GT)$22.040.41%
  • mantleMantle(MNT)$0.79-2.62%
  • crypto-com-chainCronos(CRO)$0.098705-2.49%
  • render-tokenRender(RENDER)$5.03-6.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.247904-5.87%
  • vechainVeChain(VET)$0.030002-9.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.78-9.26%
  • ethenaEthena(ENA)$0.375607-10.84%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • filecoinFilecoin(FIL)$3.02-6.48%
  • algorandAlgorand(ALGO)$0.233445-4.74%
  • arbitrumArbitrum(ARB)$0.420670-8.77%