Bitcoin’s brute force bull run now has crypto traders eyeing a new all-time high.
The leading crypto asset just shattered the $60,000 mark as an analyst who bought the bottom at $16,000 issues an alert to fellow traders.
DonAlt tells his 516,000 followers on the social platform X that BTC is now facing its final line of resistance before clearing new heights.
That line stands at $60,360.
“The last resistance on the chart before new highs.
Finally think we’re in an area where you could reasonably argue for caution.
With current flows it’s hard to be bearish so can just be more or less bullish and I think $60k+ is the first area that is a bit risky.”
On the downside, DonAlt says he will remain bullish unless and until Bitcoin witnesses a sharp reversal from its current price.
“Bullish unless $52k is lost is the play now in my opinion, making any entry taken on the first post a free open-ended ride.”
BTC is trading at $60,192 at time of publishing, up 5.6% in the last 24 hours. The crypto asset began 2024 at $43,495 and has surged 38% so far this year.
Bitcoin is at levels not seen since November of 2021, and its prior all-time high of $69,044 was hit on November 10th of that year.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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