Bitcoin prices attained a fresh record today, breaking through $63,000 this morning and then managing to retain most of their latest gains.
The world’s largest digital currency by market value climbed to $63,707.34 early this afternoon, CoinDesk figures show.
After rising to these latest highs, where will the cryptocurrency go next?
Several market observers helped shed light on the matter, offering technical analysis on the digital asset.
[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.]
Predicting The Next Resistance
“This rally is likely to meet the next resistance level at $65,000,” said Jon Pearlstone, publisher of the newsletter CryptoPatterns, emphasizing that bitcoin was able to reach “new highs today with strong volume.”
“Above that there is pattern resistance in the $77,000 range, with little to stop bitcoin above that