#Write2Earn #TrendingTopic #TradeNTell #BTC $BTC $BNB $XRP BTC Price Records 26-Month High! $60K Next Stop For Bitcoin?
The market leader, Bitcoin, has displayed a massive price action over the past few hours by adding over 10% to its valuation, resulting in it successfully achieving its $56,000 mark.
Recently, the bulls successfully broke out of the resistance level and recorded a jump of approximately 10%, breaking out of multiple resistance levels. Further, the price has recorded a 26-month high, indicating a massive bullish sentiment for the leader in the crypto market.
If the market continues to gain momentum and pushes the price above the resistance level of $57,224, the bulls will regain power and prepare to test its upper resistance level of $60,000 this week.
Conversely, if a trend reversal occurs, the bears will lose momentum and fall to test its support level of $54,501 soon. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $50,337 in the coming time.