Bitcoin ascend the $60,000 price tag earlier today, making it past its initial psychological level after briefly encountering setbacks.
The world’s number one digital currency leaped above $60,000 at around 10 a.m, according to coin market app data analysis.
The cryptocurrency inflated to as high as $61,846.77, according to binance market price on bitcoin.
It's an exciting day in the crypto world for all bitcoin holders, which saw their assets increase in a massive way.
All bitcoin investors will be happy to see the world's most prominent digital currency make a basement of the current $60,000 price tag.
The present situation of the digital gold, gives it the tendency to break past its current price. And also, make a all time high that is not yet known to any man.
The last time it had a massive breakout over an all time high of $20,000 was late 2020 and it went on to have a gorgeous uptrend.
Before the digital asset broke pass the $60,000, Nick Spanos, the cofounder of Zap Protocol, outlined that if bitcoin rises above that price level, it would cause the digital gold to “gain fresh momentum and target its all-time high of $64,000.”
Bitcoin is shrugging off short-term overbought conditions on positive short-term momentum. And its targeting $64,000.
Julius de Kempenaer, senior technical analyst at StockCharts.com, offered some interesting perspective on bitcoin’s latest market activity.
“A solid break beyond 60k clears the path towards the 65k.”
“After that, BTC, once again, arrives in uncharted territory and things can go very rapidly as we have seen in the past,” he stated.
“Such resistance levels can be compared with a spring, the more they get tested the tighter the tension on the spring gets. Breaking resistance equals releasing the spring, and a lot of power becomes available.”