Bitcoin<\/a> rallied above its 161.8% Fibonacci extension of the 2019-to-2021 advance, projected higher from the 2022 low, at\u202f$122,056.92.<\/p>\n\u200bIt exceeded the Fibonacci extension\u202fand hit a record high at $124,277.50 before once again slipping below it.<\/p>\n
\u200bA rise above the current all-time high at $124,277.50 may trigger a surge to another 161.8% Fibonacci extension at $143,519 in the medium-term.<\/p>\n
\u200bMinor support below the 17 July high at $121,012.09 may be found at the 15 July low at $120,271.13. Further down lies the 28 July high at\u202f$119,836.23 which may also act as potential support.<\/p>\n
\u200bBitcoin bearish scenario:<\/p>\n
\u200bIn case of a bearish reversal and fall through Wednesday’s $118,919.91 low taking place,\u202fthe 7 to 9 August highs at $117,921.57-to-$117,701.33 may be revisited but could then act as support. If not, the 22 July low at $116,195.25 may be touched as well.\u200b\u200b<\/p>\n
Bitcoin charts<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bBitcoin hits all-time high \u200bBitcoin bullish scenario: \u200bOn Wednesday and Thursday morning – 13 and 14 August –\u00a0Bitcoin…\n","protected":false},"author":2,"featured_media":67935,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":["post-67934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/67934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=67934"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/67934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/67935"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=67934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=67934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=67934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}