Today's Bitcoin Price and BTC Movement Analysis According to Members

Bittime - Bitcoin (BTC) price continues to attract the attention of the financial world with impressive movements. 

Currently, BTC is trading above $60,000, an achievement that is hard to believe considering that last week the price of Bitcoin was around $49,000. This significant price recovery shows the continued strength of the crypto market.

Impressive Bitcoin Recovery

In recent days, Bitcoin has managed to overcome the psychological level of $60,000. This recovery started at the beginning of the week, with sharp price increases on Monday and Thursday. 

On Monday, the price of BTC jumped from $49,000 to over $54,000. Then, on Thursday, Bitcoin rose from around $55,000 and hit an all-time high of nearly $62,500, reached just after midnight.

However, despite briefly reaching a strong resistance zone between $62,000 and $63,000, Bitcoin has not been able to break this level consistently. 

After touching this zone, the BTC price experienced another decline and even fell below $60,000.

Read also: Latest Solana Price Prediction, Check Out the Analysis!

Expert Analysis: Next Target $65,000

Despite a brief dip, Bitcoin managed to avoid further declines and climbed back above $61,000. According to leading crypto analyst, Rekt Capital, a price retest around $60,600 was successful, and this signals renewed strength for Bitcoin. 

Rekt Capital, which has more than 488,000 followers on social media platform X, identified this support level as key to the next move.

After successfully maintaining this level, Rekt Capital estimates that the next target for Bitcoin will be around $65,000. After that, BTC will face final resistance above $71,000 before starting a more significant bull market phase.

Green Week for Bitcoin

Despite the huge drop that Bitcoin suffered by over 16% on Monday, the digital asset seems ready to end the week on a green note. With its current price around $60,800, Bitcoin has gained more than 4% from its opening price this week. 

If BTC is able to close the week above $60,000, this would be a strong bullish signal, putting the price back into the consolidation range it has been in for the past few months.

In conclusion, Bitcoin shows tremendous recovery power, and experts are optimistic that BTC price can reach higher levels in the near future. 

Investors and traders need to pay attention to the key resistance levels at $65,000 and $71,000 to see whether BTC can continue to move up or will face significant resistance.

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Pantau pergerakan grafik harga Bitcoin (BTC), Ethereum (ETH), Solana (SOL) dan kripto lainnya untuk mengetahui tren crypto market hari ini secara real-time di Bittime.