Bitcoin prices have been trading close to $60,000 lately, fluctuating near this key, psychological level as the cryptocurrency markets benefit from a steady supply of bullish news developments.
Lately, the world’s most prominent digital currency has repeatedly tested the $60,000 level, rising to intraday highs of $59,379.99 and $59,835.39 on March 30 and 31, respectively, CoinDesk data shows.
Yesterday, the cryptocurrency reached $60,101.75, but quickly pulled back from this level, experiencing a rather modest decline, additional CoinDesk figures reveal.
At the time of this writing, bitcoin was trading near $59,200, having fallen slightly from yesterday’s recent high, but was still within a few percentage points of the $60,000 level.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
With these market conditions in mind, market experts offered some technical analysis for the world’s most valuable digital currency.