Bitcoin is very close to new all-time highs once again but the final hurdle may take some time to overcome.
Bitcoin’s (BTC) price has so far failed to make new all-time highs above $60,000 this week. After the breakout above $58,000, negative news from India, as well as general macroeconomic weakness and rebounding U.S. dollar, appear to have halted the rally. This resulted in a pullback toward $53,000 on March 16. Such a move is normal as the bull market typically moves in waves. In other words, the market will find a new equilibrium of buyers and sellers, after which it will decide where to go next. Overall, the market has been in a significant uptrend as Bitcoin’s price has accelerated from $11,000 to $60,000 in just six months. Bitcoin fails to break $60,000BTC/USD 4-hour chart. Source: TradingViewThe 4-hour chart shows apparent support at $53,000, which held once again. The subsequent continuation upward is seen
Źródło: https://cointelegraph.com/news/bitcoin-price-facing-final-resistance-before-68k
