{"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 Ends the Week Above $60k<\/span><\/h2>\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>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has recently broken above the<\/p>\n","protected":false},"author":3,"featured_media":120677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Breaks Above The $60,000 Psychological Level - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-breaks-above-the-60000-psychological-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Breaks Above The $60,000 Psychological Level - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) has recently broken above the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-breaks-above-the-60000-psychological-level\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-10T15:16:03+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/ccryptafotocryptocurrency-3123849_1920.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-breaks-above-the-60000-psychological-level\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-breaks-above-the-60000-psychological-level\/\",\"name\":\"Bitcoin Breaks Above The $60,000 Psychological Level - 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