Bitcoin is trading now at $61,076 after a slight retreat. Now that Bitcoin price has reached the $60,000 level, many analysts have set their targets on the $72,000 zone, followed by $100,000. A Twitter analyst stated:
‘Next upside target is $73k. Is this the start of a quick move to surpass $100k?’
Market participants were ecstatic about Bitcoin’s jump past $60k which comes exactly a year it plunged in the March black swan event. A Twitter analyst voiced out his excitement:
”On March 13th, 2020 #Bitcoin dropped and hit a low of $3.8k. Today, March 13th, 2021 #BTC made a new all-time high of $60k”
When asked about the chances of a possible BTC correction between $60k and $100K, Willy Woo stated:
‘I think we are due for one in April, might be smaller than people think though. $1T support is pretty strong’
The sentiment remains bullish for Bitcoin as an analyst noted that spot hourly volumes are increasing on the $60k breakout.
Courtesy: Skew
Image Credit: Glassnode, Skew, Shutterstock
