Bitcoin Price Analysis: Good News Boosts ВТС
The price of Bitcoin is trading at $60,600, with gains in the last 24 hours of 1.9% and weekly gains of 6.3%. However, just a few hours ago it reached daily highs of $61,578, according to
CoinMarketCap.
The good news has boosted the BTC price to the important levels reached today, as investors optimistically await the US CPI figures due to be released on August 14. Among the news that has favored the price of BTC is Marathon Digital's announcement of its plans to offer 250 million in convertible senior bonds. Marathon Digital is one of the largest Bitcoin mining companies in the world.
A relevant fact is that BTC has managed to recover from the settlement zone of $58,250. Now, a break above the $62,000 level would be significant, and if the CPI data is positive, we could see that recovery. However, the most important resistance level is around $62,000, and breaking it could lead the price to retest the $65,000. The key support level is at $58,250, and if this level does not withstand a sharp drop, we could see a search for support around $56,767.