With the price of Bitcoin rising above the barrier of 60 thousand dollars and reaching a new all-time high above $ 61,800, altcoins rose dramatically in response to the rise of Bitcoin.
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yesterday, Saturday, the bulls took full control of the cryptocurrency market as the price of Bitcoin (BTC) jumped to an all-time high of $ 61844 after pushing a rally Big volume Price through general resistance near $ 58,000.
Analysts spent the week calling for a final move above the $ 60,000 level, and social metrics showed that Bitcoin's upward trend continued to increase as a number of companies and institutional investors announced About plans to make Bitcoin purchases.
Bitcoin is now finding itself in the realm of price discovery due to limited data available from a technical analysis point of view to determine where the price might go next.
One potential target price was highlighted in a recent report by Decentrader co-founder Philip Swift, which now views the 1.618 ($ 70,000) Fibonacci extension Next Take Profit Level
altcoins also pushed as Bitcoin rose to an all-new high. MANA, a project focused on virtual reality and games, outperformed the field with a gain of 89% at $ 1.19.
The majority of small-cap cryptocurrencies saw double-digit gains, and even large-cap currencies such as IVF and Bitcoin Cash (BCH) rose 10.84% and 14%, respectively. .
Ethereum (ETH) also rose 13% to $ 1933 as the bulls attempt to take the price to an all-time high of $ 2,043. / p>
