Bitcoin suddenly reaches new all-time high following $2K gains in just minutes

Ether follows the Bitcoin price action and abandons its correction to reach new highs.
Bitcoin (BTC), a cryptocurrency, surprised everyone on November 10, when its price action jumped to new all-time highs. BTC/USD 1-hour candle charts (Bitstamp). Source: TradingViewBitcoin and Ethereum “relentlessly up”. Data from Cointelegraph Markets Pro (@CryptoMichNL), November 10, 2021

The volatility was not over at the time of writing. $69,000 was in view, and with it, the possibility of the psychologically significant $70,000 mark. Cointelegraph reported that traders were keen to see that level, believing that any correction would still bring new upside. Pentoshi, a popular trader, responded by saying “Relentlessly up”. “No dips, just straight trending $BTC/$ETH since 40.7k with a short period of consolidation. Will the bears ever succeed? An accompanying chart described the $40,000 area as a possible “last dip” with Bitcoin currently in price discovery mode. BTC/USD annotated chart. Source: Pentoshi/ TwitterETH copies Bitcoin and sets new records for highEther (ETH), Binance Coin(BNB), and XRP as they reverse their downward-sloping stances as the mood quickly changed. Source: TradingViewU.S. Markets were still open at the time this article was written. After Tuesday’s sell-off, traders were keen to invest in Tesla (TSLA).

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