Bitcoin price has finally gone through a tough resistance cluster to secure an all-time high of $ 60,000.
Bitcoin (BTC) reached $ 60,000 for the first time on March 13 as the long-awaited continuation of the BTC price bull run came.
BTC records another milestone price level
Data from Cointelegraph Markets and Tradingview, the pair finally crossed the historical level after several weeks of slight corrections and consolidation periods.
As Bitcoin repeatedly tested its all-time high of $ 58,350, with a significant resistance zone below the slowing progress, the bulls had a significant time.
However, it eventually gained optimism and the largest cryptocurrency by market cap clinched the latest turning point. At the time of writing, the price action focused on an area just below $ 60,000 amidst the characteristic volatility.
As the Bitcoin price neared an all-time high, analysts at Whalemap observed some interesting blockchain activity taking place.
The long road to a new price barrier
Expectations of $ 60,000 and even higher have steadily increased in recent days. As Cointelegraph reported, professional analysts and traders were ready to announce the end of Bitcoin’s previous horizontal price action as the indicators point in favor of the bulls.
The now standard narrative of healthy blockchain metrics combined with positive support from institutions has served to strengthen trust. Now the bitcoin price has reached the level of $ 60,000. Many analysts set their targets in the $ 72,000 zone and then at $ 100,000.
The overall cryptocurrency market cap is currently $ 1.118 trillion and Bitcoin’s dominance ratio is 61.9%.