Bitcoin has hit its highest since April of 2022

Bitcoin is having a Happy New Year, making a new high from all the way back in April of 2022:

Weekly candles

Lower rates on the horizon have been supporting all sorts of risk trades. Halving coming not doing it any harm either:

• Bitcoin, rising in price to over USD50K due to a ‘halvening’ (some call it ‘halving’)

And:

• Goldman Sachs on the scooping up of crypto by institutions in 2023
• JP Morgan Forecasts Ether to Outperform Bitcoin in 2024: Protodanksharding boost for ETH

This article was written by Eamonn Sheridan at www.forexlive.com. Source