TODAY BENZINGA GLOBAL FINTECH AWARDS

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Episode Summary

Today On Crypto Daily:

• Huge All Time High Levels for Bitcoin
• Where does Bitcoin go from here?
• Discord CEO teases Ethereum integration

#BTC, #ETH, #DOGE

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Unedited Transcript:

Hey everybody. Happy Tuesday. My name is Joe Dewitt and this has Benzinga crypto daily. Taking a look over at Bitcoin we're up three and a half percent today sitting in about 67,800.

And Bitcoin has established new all time highs. This is huge. Just previously breaking out of that resistance level of about 65,000, where our previous, all time high was ideally after this little breakout price, retest that resistance level that we flipped to support. And then bounce off of there to continue trending with that 50 day moving average and the upwards direction and taking a look over at a theorem discord as CEO teases integration with meta mask, a popular wallet on the Ethereum network, taking a look over at a theory and price action.

A theorem is also reaching all time highs. We were sitting at 2% up today at a price of 4,800 dirham continues to gain momentum and move farther away from that 50 day. Moving average. Keep in mind guys, the farther we move away from that moving average, eventually it will be time to retest, but for the short-term to mid-term, this is very, very bullish for Ethereum.

As we've been establishing higher lows here since July and taking a look over at doge coin, doge coin is looking good. It looks like it's going to solidify its uptrend. We have about three higher lows here since the end of September. Those point looks like it is about to break out of a little bit of consolidation here and move above that 200 day.

Moving average. If price can get that momentum. Bit of volume here to push above that moving average, we can see price up to 30, 35 cents. And today, guys, I want to discuss, is this a pivotal point for Bitcoin, given the technical analysis of the daily chart and general market sentiment behind Bitcoin? This is absolutely pivotal.

As we have broken all time highs, we've been establishing a higher lows since July and that point of breaking all time. Highs is definitely very pivotal for prices. That means that there is no resistance target here. Price is completely undiscovered and price action is more prone to breaking out as there's minimal support and resistance here in these zones, given the volume coming in the current macro trend of higher lows and the reason breakout of all time.

It would not be surprising at all to see price within the 80,000 -90,000 rained within the next few months that is given that volume continues to come in and institutional investors continue to buy Bitcoin. Best outcome we could have here would be to continue our higher, low trend, see price climb about 15, 20%, and then consolidate for a week or two for people to establish price before breaking out again.

And that's all the time we have for today. Guys, thank you so much for tuning in, make sure to follow and subscribe to our podcast. You can follow me on Twitter, which will all be in the script. I have a nice day.

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