{"id":120678,"date":"2021-04-10T15:16:03","date_gmt":"2021-04-10T15:16:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120678"},"modified":"2021-04-10T15:16:03","modified_gmt":"2021-04-10T15:16:03","slug":"bitcoin-breaks-above-the-60000-psychological-level","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-breaks-above-the-60000-psychological-level\/","title":{"rendered":"Bitcoin Breaks Above The $60,000 Psychological Level"},"content":{"rendered":"
Bitcoin (BTC) has recently broken above the $60,000 psychological level. This is the highest point reached by the largest cryptocurrency since March 15 when BTC fell to $53,000 per coin. The virtual currency has pushed other altcoins higher. However, it will be definitely important to see how the market will behave in the coming days.\u00a0<\/span><\/p>\n Bitcoin has ended the week above $60,000. This has allowed several other virtual currencies to move higher as well. Thus, we see the whole crypto market in positive territory. According to <\/span>CoinMarketCap<\/span>, Ethereum (ETH) is now traded 4.10% up in the last 24 hours.\u00a0<\/span><\/p>\n Surprisingly, Binance Coin (BNB) continues to move higher. The virtual currency used at the Binance exchange is now close to $500 being traded at $475. In the last 24 hours, BNB moved by over 14%.\u00a0<\/span><\/p>\n XRP, Cardano (ADA), Polkadot (DOT), Uniswap (UNI), Litecoin (LTC) and Chainlink are also registering large gains. XRP moved higher by 12%. Meanwhile, DOT and UNI registered smaller gains (2.82% and 1.32% respectively).\u00a0<\/span><\/p>\n Litecoin is trying to catch Uniswap with a price increase of 4% in the last 24 hours. At the moment, this legacy coin has a price of $233 and a market valuation of $15.55 billion. Finally, Chainlink is just moving higher by 0.65%.\u00a0<\/span><\/p>\n During a conversation with UseTheBitcoin, Konstantin Anissimov, the Executive Director at CEX.IO explained that the next logic level for Bitcoin would be to reach $61,000. However, if it gets rejected, the price could move to $56,000 before continuing higher.\u00a0<\/span><\/p>\n Meanwhile, Ethereum continues to be in a price discovery stage. Anissimov explained that Ethereum moves might not be as aggressive as Bitcoin\u2019s but daily and weekly gains for Ethereum have been larger than those of Bitcoin.\u00a0<\/span><\/p>\n <\/p>\n As we can see in the chart above, there has been strong resistance for BTC price close to $59,400 and $60,100. Thus, it will be very important to see if Bitcoin will be able to make these resistance levels support.\u00a0<\/span><\/p>\n Weekends tend to manage lower volumes for BTC and other virtual currencies. However, Bitcoin\u2019s previous all-time high was reached during a weekend with a spike in volume as we have seen earlier today. Indeed, the volume spike that Bitcoin experienced in the last hours was the largest since BTC\u2019s all-time high in March.\u00a0<\/span><\/p>\n It would be very important to see how the price of the largest virtual currency behaves in the coming hours.\u00a0<\/span><\/p>\nBitcoin Ends the Week Above $60k<\/span><\/h2>\n