Bitcoin's all-time high is in clear sight after the cryptocurrency surpassed $57,000 on Tuesday.
The flagship crypto is now roughly 20% off its November 2021 all-time high of $68,982.20, and it just cleared a key resistance level, according to Fairlead Strategies.
"The main thing to highlight is the confirmed breakout above $48,000, which targets final resistance [of about] $64,900," said Will Tamplin, senior analyst at Fairlead.
BTC.CM= 5D mountain Bitcoin this week confirmed a breakout above $48,000 Oppenheimer chart analyst Ari Wald confirmed that outlook.
However, the firm does not expect a major pullback from bitcoin given the breakout and positive momentum in the intermediate term.
Persons:
Will Tamplin, Oppenheimer, Ari Wald, Bitcoin, bitcoin, Katie Stockton
Organizations:
Fairlead, Metrics