Bitcoin has reached a new milestone by crossing the significant resistance level of $67,400. The cryptocurrency is now sitting at $68,000, achieving this level after a period of two and a half months.
Analysts anticipated that breaking this resistance would open the door to further price increases. This development has instilled a boost in confidence among investors in the cryptocurrency market.
The breaking of this resistance level is deemed crucial in maintaining and potentially continuing Bitcoin's upward price trajectory. This achievement not only strengthens market confidence but also supports the overall positive sentiment towards Bitcoin's market performance.
