Bitcoin (BTC) first reached $ 60,000 on March 13th, when the long-awaited ongoing domination of the price of BTC began.
BTC records another important price level
Data from Cointelegraph and Tradingview BTC / USD markets tracked as the pair finally crossed historic levels after weeks of moderate corrections and periods of consolidation.
Bulls spent a lot of time in limbo with Bitcoin repeatedly testing past highs of $ 58,350, with a large resistance area below that slow advance.
Ultimately, however, optimism prevailed, and the largest cryptocurrency by market value reached its final milestone. At the time of the press release, price action is concentrated in the area just under $ 60,000 in the midst of characteristic volatility.
With the bitcoin price approaching its all-time high, Whalemap analysts noticed some interesting actions on the chain that took place.
According to the research group:
HODL Waves of Realized Capitalization shows the percentage of capital realized that belongs to other types of HODLers (workers 1-3 years old, stores 3-5 years old, etc.) 6 months). Recent total capitalization has been pursued by more than 95% of the owners of the capitalization achieved in less than 6 months. We are currently at 82%. ”
A long way to a new price barrier
Expectations have grown by $ 60,000 or more in recent days. According to the Cointelegraph report, professional analysts as well as traders were ready to announce the end of the previous sideways move in Bitcoin price as indicators pointing to the bulls.
The health compromise narrative within the chain became a standard, along with positive corporate support, which helped build trust. Now that the bitcoin price has reached $ 60,000, many analysts have set their targets at $ 72,000, followed by $ 100,000.
The cryptocurrency’s total market cap is now $ 1,118 trillion, and Bitcoin’s dominance is 61.9%.