Buy orders are at $114,600 on the #Binance futures order book. The levels are constantly fluctuating, but we can say the average is $114,000.
Pullback occurred when 16,000 of the 80,000 Bitcoin from 2011 was sent to #GalaxyDigital. This figure has just reached 20,000, leaving 60,000 #Bitcoin. The price hasn't reached the CME gap level. It would have been better to close it while we're at it. #BTC
Bitcoin (#BTC) has been creating all-time highs in the last two days due to increased demand from both retail and institutional traders. As of writing, the Bitcoin price was trading at $117,764, just 0.85% below the newly formed ATH of $118,856. A major ratio comparing BTC’s performance to that of the US dollar signals that the rally might not be over, and the $124,000 level might be reached soon.
Our daily chart shows that Ethereum’s price hit key milestones this week. It crossed the important resistance level at $2,885, its highest level in May, and the upper side of the bullish flag pattern.
Ethereum also moved briefly above $3,000, a crucial psychological level. It also jumped above the 50% Fibonacci Retracement level, a sign that bulls are gaining momentum.
ETH price has also formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. This performance suggests further gains, potentially leading to the next key milestone at $4,000.