After a highly anticipated prediction by many, Bitcoin finally hits 60K this Saturday afternoon. The whole cryptocurrency market is on fire, and momentum seems pretty strong. Now that Bitcoin proved to reach the psychological price of 60K, can Bitcoin Prices reach a new milestone and BOOM HIGHER?
Bitcoin Price Prediction – Bitcoin Prices reach 60K!
After an extended consolidation, Bitcoin prices managed to escape the 40K range and reach the 50K mark this week. in our previous article, we specifically laid out a trading idea (A) that plotted Bitcoin’s price action. Not only did Bitcoin pass the 60K mark, but currently its trading volume is through the roof!
Can Bitcoin reach 100K?
After the recent events, it became apparent that Bitcoin can indeed reach 100K. With its current prices surpassing 60K, prices need to increase by 66%. This price increase is very normal for Bitcoin. Now of course, it wouldn’t happen overnight. That’s why investors need to position themselves from now in order to benefit from this potentially high return.
Bitcoin 60K – Can Bitcoin Price Crash?
Everything is possible in investing. Crashes usually occur after extended price increases. For Bitcoin, this might indeed happen. Plotting the Fibonacci Retracement around the current prices shows a potential retracement to the 38.2% level of USD 53,600 or a heavier price crash to the 50% level of USD 51,640. Of course, the previous resistance price of USD 58,000 is also a new support area for the moment. breaching this price will lead to the other Fibonacci areas.
The Crypto Market as a Whole
In the past 24 hours, the entire cryptocurrency market is on fire, rising on an aggregated level by 5%. Despite this market rally, Binance Coin was still in the red and lagged compared to the entire market.
1- Bitcoin (BTC) : + 5.77 %
2- Ether (ETH) : + 6.08 %
3- Binance Coin (BNB): – 0.94 %
4- Tether (USDT) : 0 %
5- Cardano (ADA) : + 7.31 %
6- Polkadot (DOT) : + 4.80 %
7- Ripple (XRP) : + 1.02 %
8- Uniswap (UNI) : + 8.98 %
9- Litecoin (LTC): + 8.02 %
10- Chainlink (LINK) : + 3.56 %
Stay Ahead, Stay Updated
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
Bitcoin Price – Is This the END of the Uptrend?
Bitcoin 60K SOON? This Chart HINTS for a +30% BTC Price increase
Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023?
Bitcoin Price Prediction – Will Consolidation 2.0 lead to higher BTC prices?
Bitcoin Price Prediction – Why did Bitcoin Price Crash?
Ethereum Price Prediction – 3 Reasons Why ETHER is a Strong BUY
Cardano Price Prediction – How High can Cardano reach by 2030?
Bitcoin Price Prediction – Bitcoin breaches 40K, but will it Drop Back?
DON’T BUY BITCOIN! 3 reasons why it’s too late and waiting is a Good Idea
Can Shiba Inu Price Reach 10 Cents?
Correction Day is HERE! Should you Sell or start Buying Cryptos?
Bitcoin Price Prediction – Is BITCOIN a good investment in 2021?
Bitcoin Price Analysis – Establishing well above the USD 14,000 price
BIGGEST Shiba Inu Prediction: How High can SHiB reach before 2023?
Bitcoin Price Prediction – Will Bitcoin reach 60K again?
Bitcoin Price Prediction – is BTC falling towards 42K?
LAST CHANCE to Buy XRP below 50 cents…Here’s Why!
Bitcoin price is recovering – Will it successfully break the previous ATH?
Bitcoin Price Prediction – Where is the price of Bitcoin headed towards? Read on for a SETUP strategy
Bitcoin Price Prediction – BTC reaching 50K again! Here’s what to do
You might also like
More from Bitcoin
Sequoia Capital has just reduced the value of its stake in the cryptocurrency exchange FTX to zero — a stake …
In this Bitcoin prediction article, we analyze whether the Bitcoin price can soon reach a price of up to $60,000 …
When can Bitcoin reach 100k again? (Hint: not anytime soon). Let's try to assess in this Bitcoin price prediction article.