Bitcoin price analysis: BTC/USD hits $61K as bulls set eyes on Mt. $70K

  • Bitcoin price analysis of $60,000 is finally achieved as bulls set higher targets
  • The BTC/USD pair is all set to touch $62, 450 highs if the technical targets are spot-on
  • The $60,000 milestone comes amid rising volatility and overbought technical indicators
Bitcoin price analysis: BTC/USD hits $61K as bulls set eyes on Mt. $70K 1
Cryptocurrency heat map by Coin360

Bitcoin price analysis of $60,000 price level has finally come true as the king of cryptocurrencies charts a new growth story. The fresh new all-time high stands at $60,660 as investors and traders look in awe. Just a week ago, the price was hovering near $46,700 lows, and now the BTC/USD has touched a fresh new peak.

The bears are struggling to grasp the price action. Even in the recent Bitcoin price analysis, the correction phases have turned into accumulation zones which ultimately renewed the bull trend. After struggling at $56,000 resistance, the price has broken past the previous all-time high of $58,000 to go beyond $60,000 resistance.

News Source