Bitcoin Hits $60,000 as Crypto Trader Warns of Final Resistance
Bitcoin’s impressive bull run continues, with the leading cryptocurrency surpassing the $60,000 mark. This milestone has caught the attention of DonAlt, an experienced trader who accurately predicted the bottom at $16,000. DonAlt believes that Bitcoin is now approaching its final line of resistance before reaching new all-time highs.
The Last Resistance: $60,360
According to DonAlt, Bitcoin’s last obstacle on the chart is at $60,360. He suggests that this level should be approached with caution as it poses a potential risk. However, he also notes that current market flows make it difficult to be bearish, indicating a strong bullish sentiment in the market.
Bullish Outlook Unless $52k is Lost
DonAlt maintains a bullish stance on Bitcoin unless it experiences a significant reversal from its current price. He believes that any entry taken before this point can provide traders with an open-ended ride without risk.
Bitcoin’s Impressive Performance
At the time of writing, Bitcoin is trading at $60,192, reflecting a 5.6% increase in the past 24 hours. The cryptocurrency started 2024 at $43,495 and has already surged by 38% this year. These levels haven’t been seen since November 2021 when Bitcoin reached its previous all-time high of $69,044 on November 10th.
Hot Take: Bitcoin Breaks Through Resistance Towards New All-Time Highs 🚀
Bitcoin’s recent surge past $60,000 has set the stage for a potential new all-time high. With support from influential traders like DonAlt and a strong bullish sentiment in the market, Bitcoin’s upward momentum seems unstoppable. Here’s what you need to know:
Bitcoin’s Final Hurdle: $60,360
- Bitcoin is now facing its last line of resistance before reaching new all-time highs.
- This key level stands at $60,360, and caution is advised for traders.
- Despite the potential risks, current market flows make it hard to be bearish on Bitcoin.
Bullish Outlook Continues
- DonAlt maintains a bullish stance on Bitcoin unless it drops below $52,000.
- Traders who entered the market before this point can enjoy a risk-free ride.
Impressive Performance and All-Time Highs
- Bitcoin is currently trading at $60,192, up by 5.6% in the last 24 hours.
- The cryptocurrency has already surged by 38% since the beginning of this year.
- Bitcoin’s previous all-time high of $69,044 was reached on November 10th, 2021.
To stay updated with the latest developments in the crypto market and Bitcoin’s journey towards new all-time highs, follow reputable sources and influential traders like DonAlt. With Bitcoin’s impressive performance and bullish sentiment in the market, it’s an exciting time for crypto enthusiasts!
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