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May 20 - 07:55 AM

Bitcoin - Could Soon Reach A New Record High

By Jeremy Boulton  —  May 20 - 05:45 AM
  • Bitcoin reached $67,712 on Friday - 38-day high

  • BTC has risen back above top of daily Ichimoku cloud

  • Bitcoin rose almost $30k following a similar break in February

  • Plenty of room to rise with top of 20-day Bollinger bands at $68,904

  • The robust will to gamble in fin mkts favours BTC nL1N3HN0CH

  • Targets above current $73,803 record high are $74,154, $78,325, $91,826

  • Bigger EUR/USD rise likely to fuel bitcoin's rally

Source:
Refinitiv IFR Research/Market Commentary

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