Bitcoin Surges Past $60,000, Approaching All-Time High

Bitcoin has broken through the $60,000 barrier, setting its sights on a new all-time high.

Final Resistance

According to DonAlt, an experienced crypto trader, Bitcoin is facing its last line of resistance before reaching new heights. This resistance level is set at $60,360. DonAlt believes that the current price action suggests caution, but remains bullish overall.

Bullish Outlook

DonAlt maintains a bullish stance, stating that he will remain optimistic unless Bitcoin experiences a significant drop below $52,000. He believes that any entry points taken above $52,000 offer a potential for significant gains.

Market Performance

As of this writing, Bitcoin is trading at $60,192, up 5.6% in the past 24 hours. It has surged 38% since the start of the year and is approaching levels not seen since November 2021. Bitcoin’s previous all-time high of $69,044 was set on November 10, 2021.