Bitcoin breaks $60k: Will $88k by September be the next BTC milestone?
What does the RSI uptick suggest about Bitcoin's future performance?
The RSI uptick suggests that Bitcoin's momentum is shifting towards a bullish trend, indicating a potential increase in buying pressure and a possible continuation of the upward price movement. This could lead to further growth in Bitcoin's value in the near future.
What caused Bitcoin's price to surpass $60k recently?
Bitcoin's price surpassed $60k recently due to a combination of factors, including growing institutional interest, limited supplies, and the upcoming halving event in April. Major companies adopting Bitcoin as a method of payment and the large US stimulus package also contributed to the surge.
How much did Bitcoin's price increase in the last 24 hours?
Bitcoin's price increased by more than 3% in the last 24 hours, surpassing the $60k mark. At the time of writing, BTC was trading at $60,172 with a market capitalization of over $1.17 trillion. This development looks optimistic, with the latest analysis suggesting that BTC might reach new highs in 2024.