$70,000 Bitcoin all-time high possible in the next few months?

The Bitcoin course has seen a massive increase in the last 1 to 2 weeks. In the last 7 days alone, the cryptocurrency has increased in value by more than 34%. The main reason is the existing and probably still coming crises of the banks and thus the FIAT system. Could the Bitcoin price reach a new all-time high of $70,000 in the coming months?

How has the Bitcoin price moved in the last few days?

The Bitcoin price has seen a massive increase in the last few days. The price rose from below $20,000, which Bitcoin was right after the bank crash, the price quickly rose to $22,000. After that, there was a surge to $24,000 and later even the resistance at $25,000 fell for a short time.

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BTC course 15 days — Bitcoin price in the last 15 days, Source: **gocharting.com**

After rising above $26,000, the Bitcoin price fell back to $24,500. But in the last few days, the resistance at $25,000 has been broken this time, allowing the price to rise to over $27,000.

Can the price explosion continue in the coming weeks?

In the coming weeks it will be interesting to see how the Bitcoin price explosion continues. The Bitcoin price could exceed $30,000 in the next few days.

Furthermore, the Bitcoin price could build up massive momentum in the coming months, which will lead to the price moving further towards $50,000. Although we still have a bear market and the timing of Bitcoin Halvings is more than 1 year ahead of us, a strong and sustained bull run could happen as early as 2023.

Above all, a widening banking crisis and possible interest rate cuts for the US dollar could push the Bitcoin price further up.

Are we seeing the all-time high of $70,000 in Bitcoin price?

The all-time high of the Bitcoin price is $68,000 from November 2021. In a bear market, this all-time high shouldn’t be touched. But the situation in 2023 could change that. The all-time high in the last bull market may have been far too low due to the China Mining Ban that interrupted the 2021 bull run.

Due to the financial crisis, falling interest rates and, above all, continued high inflation rates, the Bitcoin price could rise particularly sharply in the coming months. Although it seems unlikely at the moment, $70,000 in 2023 may actually be possible.

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