Analysts think that Bitcoin (BTC)’s next stop may be $58,000.
Bitcoin broke the $53,000 resistance on February 26 and managed to rise above the area where it had been accumulating since mid-February. With this strong break of Bitcoin since November 2021 the highest level ever seen to $56,700 With its arrival, all eyes turned to higher levels.
Crypto analysis firm making a statement after the rises Swissblock analysts, dated 26 February Market reports pointed out 58 thousand dollars for Bitcoin. Analysts imply that the wind is blowing in Bitcoin’s favor, with the price exceeding 58 thousand dollars. An all-time high (ATH) may occur emphasized:
Bitcoin seems to have finally broken out of the range it has been in since February 15. Momentum is rising strongly. All sails are ready. The next stop is the 58 thousand dollar level. If the rate also breaks strongly, we can expect a new all-time high.
According to CoinGecko data, in the last 24 hours 9% up Bitcoin exhibiting, at the time of writing from $56,500 is being traded.