Bitcoin After a few consecutive days of price drops and bottoms at $55,500, the cryptocurrency major bounced back and jumped to nearly $58,000 and then continued and lingered for a bit at $59,000 to continue its run and break the stubborn $60,000 resistance.

The price of Bitcoin at the time of writing this article is estimated at $60,500.

Most of the big altcoins are also in green, with BNB hitting an all-time high above $470 and XRP surging above $1.

Bitcoin and the target to break the previous high:

After repeated rejections at the $60,000 level, Bitcoin finally managed to break through in the past few hours.

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In the past few days, the Bitcoin currency declined and lost more than 4000 dollars of its value, as it fell to 55 thousand dollars, to re-gather its breath and advance steadily this time and break the 60 thousand dollar resistance that it failed to exceed 4 previous times.

Bitcoin showed early signs of recovery yesterday and has continued to rise ever since.

Within 72 hours, Bitcoin had recovered about $4,500.

Despite some volatility, it has risen above $60,000 at the time of writing.

The currency now sets its sights on the previously achieved high, which is estimated at $61800.

According to the technical aspects, the resistance line stands at $61,000 which is the first hurdle for Bitcoin before the previously recorded high.

If Bitcoin beats it, it could go above $61,800 and enter the price discovery phase.

In the event of a decline and correction of Bitcoin, it will find support levels at 59500-58000-56200, 55600 and $55000 in the event of a sharp rebound.

With the latest Bitcoin move, its total market value increased to more than $1.13 trillion, with an estimated acquisition rate of 55.2%.

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