Bitcoin has hit its highest since April of 2022

<p>Bitcoin is having a Happy New Year, making a new high from all the way back in April of 2022:</p><p>Weekly candles</p><p>Lower rates on the horizon have been supporting all sorts of risk trades. Halving coming not doing it any harm either:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/heres-why-crypto-analysts-tip-btcusd-at-us50000-next-year-spoiler-halving-coming-20230424/" target="_blank">Bitcoin, rising in price to over USD50K due to a 'halvening' (some call it 'halving')</a></li></ul><p>And:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/goldman-sachs-on-the-scooping-up-of-crypto-by-institutions-in-2023-20231218/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs on the scooping up of crypto by institutions in 2023</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/jp-morgan-forecasts-ether-to-outperform-bitcoin-in-2024-protodanksharding-boost-for-eth-20231219/" target="_blank" rel="follow" data-article-link="true">JP Morgan Forecasts Ether to Outperform Bitcoin in 2024: Protodanksharding boost for ETH</a></li></ul>

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