Is Bitcoin on the Verge of Reaching a New AllTime High as its Price Surpasses 69000

Bitcoin and the cryptocurrency market as a whole is riding the bullish wave amid renewed investor optimism.
Just now,
Bitcoin
managed to break the $69,000 price mark after an incredible 10.15% surge in the past 7 days. and has a 24 hour trading volume of around $18.5 billion. The number one cryptocurrency’s market cap reached $1.365 trillion.


The 1-day technical analysis from TradingView also shows investors’ bullish sentiment. The summary shows “buy” with 14 signals, the moving averages point to “strong buy” also with 14, while oscillators remain “neutral” at 8.
During the past 24 hours $15.08 in Bitcoin positions were
liquidated
($1.41 million being longs and $13.67 million in shorts).
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Bitcoin’s Rise Could Widen Wealth Gap and Threaten Economic Stability
The total cryptocurrency market cap surged by 1.62% in the past 24 hours and reached $2.38 trillion.
Bitcoin is a little shy from it’s all-time high (ATH) and if the current bullish momentum continues to gain steam, we could witness a new record price sooner than we think.