In April 2023, Bitcoin reached the crucial resistance level of $30,000 for the first time since June 10, 2022, but subsequently dropped to $26,000. It then surged significantly to $45,203 after May 2022. Analysts in the cryptocurrency space suggest that if Bitcoin can sustain levels around $45,000 and higher, it has the potential to reach $60,000 by the end of 2024. In the first quarter of the year, BTC has already peaked at $73,750, setting a new all-time high.
