Bitcoin Retests $92K as Monero Hits New All-Time High

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MYX and IP are also on the rise.

Bitcoin’s price tapped a 6-day peak earlier today when it jumped past $92,500 briefly before it slipped back down to $92,000.

Most larger-cap altcoins have marked minor gains over the past day, with ETH reclaiming $3,100 and BNB tapping $910. XMR has stolen the show once again, surging to yet another all-time high.

BTC Aims at $92K
The primary cryptocurrency began the previous business week with a strong rally that built on the weekend gains. At the time, BTC had already reclaimed the $90,000 level and surged to a multi-week high of almost $95,000 on Tuesday morning. However, the bears finally stepped up at this point and bitcoin found itself dumping below $89,500 by Thursday.

After losing over five grand in the span of just 48 hours, BTC rebounded and spent the weekend trading sideways around $90,500 after it was rejected at $92,000 on Friday.

On Monday, bitcoin went on the offensive once again. It challenged $92,000 on a couple of occasions on Monday and Tuesday, but it was stopped both times. The asset is at it again now as it tapped $92,500 earlier today. It now trades at $92,000 as its market capitalization has climbed to $1.840 trillion.


This is how our VIP Crypto Group Members react

The analysis shows Bitcoin is currently trading at its lowest level relative to its historical trend channel since 2012. And rather than a sign of doom, the analyst framed this as a prime buying opportunity, similar to patterns seen before major price increases in the past.

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