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#Bitcoin hits a new high of $75K - next stop $80K?
As of November 7, 2024, at 9:20 AM, the Bitcoin (BTC) market is experiencing heightened excitement driven by fear of missing out (FOMO). Over the past 24 hours, market makers have stabilized BTC around $73,500, despite a peak surge to $76,420, which wiped out approximately 3.6 billion CNY and left 129,113 traders with zero balances.
Market sentiment reflects anxiety, particularly among altcoin holders, who are questioning their assets' performance. It’s crucial to maintain a strong foundation and resist the urge to panic, as true wealth accumulation requires patience and resilience. Current support and resistance levels are primarily around $73,500, with broader support ranging from $69,800 to $70,000.
As the market fluctuates at these highs, it’s essential to focus on building long-term positions. For the coming days, consider exploring spot opportunities or altcoins like RATS, HOOK, ACE, LDO, TNSR, BOME, and CATI. Congratulations to those who have made timely investments!