Bitcoin breaks $60,000: $64,000 could be the next target

Bitcoin (BTC) recently broke $60,000, but could face strong resistance next. While the price rally brings hope, analysts warn of a possible short-term pullback, especially after BTC dropped from $59,000 to $58,000.

At press time, BTC is trading at $60,363, with a market cap of over $1.19 trillion, and 84% of addresses are profitable. Data shows a decline in exchange reserves, indicating rising buying pressure, while investor sentiment is strong in the United States and South Korea.

Moving forward, the key target is $64,000, with 1.57 million addresses currently in the red. If the price pulls back, it could drop to $57,000 again, but if the bull run continues, breaking $62,000 will be a key step to reach $64,000.

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