{"id":204092,"date":"2021-11-09T07:00:48","date_gmt":"2021-11-09T07:00:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=204092"},"modified":"2021-11-09T13:34:05","modified_gmt":"2021-11-09T13:34:05","slug":"bitcoin-sets-new-all-time-high-above-68000","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/","title":{"rendered":"Bitcoin sets new all-time high above $68,000"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The network is now worth over $1.2 trillion, with 18.8 million BTC now in circulation. It traded at $63,000 yesterday but convincingly broke through the $68,000 mark on a futures ETF listing last month and added support for the asset from political circles in the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the below image shows, Bitcoin trades above its 34-period moving average, a tool used by traders to determine an asset\u2019s trend, and remains in a strong \u201cuptrend.\u201d There\u2019s currently no visual or technical \u201cresistance\u201d level where sellers could step in to take profits\u2014meaning the runway for Bitcoin to run even further is clear.<\/span><\/p>\n<figure id=\"attachment_204093\" aria-describedby=\"caption-attachment-204093\" style=\"width: 1813px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-204093\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17.png\" alt=\"\" width=\"1813\" height=\"830\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17.png 1813w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17-300x137.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17-1024x469.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17-768x352.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-09_12-23-17-1536x703.png 1536w\" sizes=\"(max-width: 1813px) 100vw, 1813px\" \/><figcaption id=\"caption-attachment-204093\" class=\"wp-caption-text\">Image: BTC\/USD via TradingView.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Some analysts continue to hold a $100,000 price target for Bitcoin. PlanB, a pseudonymous trader known for his \u2018S2F\u2019 model, reiterated their model in a tweet yesterday, claiming a price target as high as $288,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAs you know S2F model predicts $100K average for this halving period (and based on floor model we reach $100K this yr). But S2FX model predicts $288K average this cycle (we need some real fireworks in 2022 for that),\u201d they tweeted.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As you know S2F model predicts $100K average for this halving period (and based on floor model we reach $100K this yr). But S2FX model predicts $288K average this cycle (we need some real fireworks in 2022 for that). Let&#39;s see where this 2nd leg of the bull market will take us\ud83d\ude80 <a href=\"https:\/\/t.co\/ttiNT5yMKe\">pic.twitter.com\/ttiNT5yMKe<\/a><\/p>\n<p>&mdash; PlanB (@100trillionUSD) <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1457725830805827593?ref_src=twsrc%5Etfw\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has since retreated to $67,900 as of press time.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows. The network is now worth over $1.2 trillion, with 18.8 million BTC now in circulation. It traded at $63,000 yesterday but convincingly broke through the $68,000 mark on a futures ETF listing last month and added [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":204091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323],"tags":[60786],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin sets new all-time high above $68,000<\/title>\n<meta name=\"description\" content=\"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin sets new all-time high above $68,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-09T07:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-09T13:34:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/bitcoin-68k-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\"},\"author\":{\"name\":\"Shaurya Malwa\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/d72c87314d4b41306fd32a9dd65399b9\"},\"headline\":\"Bitcoin sets new all-time high above $68,000\",\"datePublished\":\"2021-11-09T07:00:48+00:00\",\"dateModified\":\"2021-11-09T13:34:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\"},\"wordCount\":225,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"BTCUSD\"],\"articleSection\":[\"Price Watch\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\",\"url\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\",\"name\":\"Bitcoin sets new all-time high above $68,000\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2021-11-09T07:00:48+00:00\",\"dateModified\":\"2021-11-09T13:34:05+00:00\",\"description\":\"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin sets new all-time high above $68,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptoslate.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\/\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\/\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\/\",\"https:\/\/t.me\/cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/about\/\",\"actionableFeedbackPolicy\":\"https:\/\/cryptoslate.com\/about\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/about\/\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/d72c87314d4b41306fd32a9dd65399b9\",\"name\":\"Shaurya Malwa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa-150x150.jpg\",\"caption\":\"Shaurya Malwa\"},\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin sets new all-time high above $68,000","description":"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin sets new all-time high above $68,000","og_description":"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.","og_url":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/","og_site_name":"CryptoSlate","article_published_time":"2021-11-09T07:00:48+00:00","article_modified_time":"2021-11-09T13:34:05+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/bitcoin-68k-.jpg","type":"image\/jpeg"}],"author":"Shaurya Malwa","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Shaurya Malwa","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/"},"author":{"name":"Shaurya Malwa","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/d72c87314d4b41306fd32a9dd65399b9"},"headline":"Bitcoin sets new all-time high above $68,000","datePublished":"2021-11-09T07:00:48+00:00","dateModified":"2021-11-09T13:34:05+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/"},"wordCount":225,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["BTCUSD"],"articleSection":["Price Watch"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/","url":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/","name":"Bitcoin sets new all-time high above $68,000","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2021-11-09T07:00:48+00:00","dateModified":"2021-11-09T13:34:05+00:00","description":"Bitcoin broke the $63,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/bitcoin-sets-new-all-time-high-above-68000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin sets new all-time high above $68,000"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptoslate.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate\/","https:\/\/www.linkedin.com\/company\/cryptoslate\/","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com\/","https:\/\/t.me\/cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/","ownershipFundingInfo":"https:\/\/cryptoslate.com\/about\/","actionableFeedbackPolicy":"https:\/\/cryptoslate.com\/about\/","correctionsPolicy":"https:\/\/cryptoslate.com\/about\/","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/d72c87314d4b41306fd32a9dd65399b9","name":"Shaurya Malwa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa-150x150.jpg","caption":"Shaurya Malwa"},"description":"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.","url":"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/204092"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=204092"}],"version-history":[{"count":2,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/204092\/revisions"}],"predecessor-version":[{"id":204176,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/204092\/revisions\/204176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/204091"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=204092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=204092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=204092"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=204092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}