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Cryptocurrencies Price Prediction: Bitcoin, Render & Cryptos – American Wrap 7 March

Cryptocurrencies Price Prediction: Bitcoin, Render & Cryptos – American Wrap 7 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price shows strength, Bitget MD cites investors' steadfast optimism toward BTC

Bitcoin (BTC) is not done with its upside potential and is on course with a recovery rally only days after detaching from its peak in what could be attributed to massive sell orders. Meanwhile, theories continue to circulate about why the gains are far from over for the pioneer cryptocurrency.
On Tuesday, Bitcoin surpassed its previous all-time high from November 2021, as it moved above the $69,000 mark. Economists at Deutsche Bank lay out five reasons why it is trading at a record high – and will stay high.

BTC/USD

Overview
Today last price67429.71
Today Daily Change1310.43
Today Daily Change %1.98
Today daily open66119.28
 
Trends
Daily SMA2056919.85
Daily SMA5049108.29
Daily SMA10045828.5
Daily SMA20037877.64
 
Levels
Previous Daily High67645
Previous Daily Low62843
Previous Weekly High64046.42
Previous Weekly Low50913.39
Previous Monthly High64046.42
Previous Monthly Low41852.34
Daily Fibonacci 38.2%65810.64
Daily Fibonacci 61.8%64677.36
Daily Pivot Point S163426.52
Daily Pivot Point S260733.76
Daily Pivot Point S358624.52
Daily Pivot Point R168228.52
Daily Pivot Point R270337.76
Daily Pivot Point R373030.52
Render Network (RNDR) hit a new all-time high on Thursday, with the RNDR price climbing to $10.30 on Binance. The AI token narrative has made a comeback with NVIDIA’s upcoming AI conference and Elon Musk’s lawsuit against Sam Altman. 
RNDR
 

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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