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COINTURK NEWS > Bitcoin (BTC) > Bitcoin Price Targets $60,000 as Next Milestone
Bitcoin (BTC)

Bitcoin Price Targets $60,000 as Next Milestone

In Brief

  • Bitcoin's price continues to rise, breaking the $58,000 resistance.

  • Analysts now consider levels above $60,000 within reach for Bitcoin.

  • Ethereum also climbs, surpassing the $3,300 mark.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin price continues its upward trend today. As I write this article, the BTC price has broken through the $58,000 resistance. This development certainly has implications for cryptocurrency investors. The next challenge is surpassing the $60,000 resistance level. However, BTC will need to consolidate its position there.

Contents
What’s the New Target for Bitcoin Price?Ethereum Rises Too

What’s the New Target for Bitcoin Price?

We now see that the $60,000 levels are being mentioned quite comfortably for the Bitcoin price. In our morning analysis of the Bitcoin price, we had indicated that the $58,000 level was a critical resistance. Now that this resistance level has been breached, the next resistance levels are $59,000 and $60,000.

For the flagship cryptocurrency Bitcoin, analysts have also started to consider levels above $60,000. Analyst Michael van de Poppe expressed his surprise at Bitcoin’s strength yesterday, stating that we can now comfortably see levels above $60,000 for the Bitcoin price. However, the analyst also mentioned that corrections could occur on the way to these levels.

Ethereum Rises Too

As Bitcoin continues to lead the rise in the cryptocurrency market, Ethereum is not far behind. The cryptocurrency closely follows Bitcoin’s price increase. Ethereum‘s price has now surpassed the $3,300 level.

Investors are now expressing that the feeling of FOMO, or fear of missing out, has peaked. This sentiment is driving investors to start a new rush. Let me also mention that the total value of the cryptocurrency market has now reached $2.18 trillion.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 28 February, 2024 - 11:25 am 28 February, 2024 - 11:25 am
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