Bitcoin Prices Reached An All-Time High Above $63,000“”What’s Next?

Bitcoin Prices Reached An All-Time High Above $63,000“”What’s Next?

Technical analysts have singled out key levels of support and resistance after bitcoin hit its ... [+] latest record high. Concept. 3D render Bitcoin prices attained a fresh record today, breaking through $63, 000 this morning and then managing to retain most of their latest gains. 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.] "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 price until the psychologically key level of $100, 000." Pearlstone emphasized that bitcoin prices could encounter some difficulty in the short-term, noting that: "There are still multiple indicators that are overbought and the weekly chart has a bearish pattern that indicates a price reversal in the next