Bitcoin has crossed another important level and surpassed $63,000. This rapid rise of Bitcoin, which first surpassed $58,000, then $59,000 and finally over $63,000 on the same day, brought along questions about where it will stop next.

As we reported the previous day, according to Katie Stockton, founder and managing partner of Fairlead Strategies, the new target could be $64,900 after breaking the resistance level of $56,400.

As we reported the previous day, according to Katie Stockton, founder and managing partner of Fairlead Strategies, the new target could be $64,900 after breaking the resistance level of $56,400.

Ari Wald, managing director and head of technical analysis of Oppenheimer, an investment bank, shared a similar view: “Positive momentum for the price of bitcoin supports higher prices over the coming months. The rally exceeding $48,000 shows that there has been a significant break above the April 2022 peak and paves the way for a test of the $65,000 resistance in 2021.”

Antoni Trenchev, co-founder of cryptocurrency trading platform Nexo, emphasized that surpassing $60,000 will increase the demand of investors, especially individual investors, who have not participated in this year’s rally.

Bitcoin is trading at $61,451 as of 08.57 pm.