Bitcoin, the leading cryptocurrency, has experienced a significant increase recently, surpassing $67,000.
As it falls below $67,000 in the new week, analysts think that important events and market dynamics may affect the course of Bitcoin price in the coming days.
At this point, Markus Thielen, founder of research company 10X Research, which has a successful history of predicting the price of Bitcoin, claimed in his new report that Bitcoin exceeding $ 67,500 could lead to new ATHs.
Pointing out that the $ 67,500 level is important for BTC, the analyst said:
“Bitcoin's price action has improved significantly since last week.
Prices recovered towards the resistance zone at $67,500 in late April and surpassed the high at $64,000 in early May.
“A break above $67,500 could trigger a significant rise and potentially lead to new all-time highs.”
Bitcoin continues to trade at $66,930 at the time of writing.
*This is not investment advice.