Bitcoin prices hit their highest level since May. What is the next?

The price of Bitcoin rose today as digital currencies surpassed $ 43,000, hitting a two-month high. According to data from ZB, the world's most famous cryptocurrency reached $ 43,341.84 this afternoon, and according to other data from ZB, the current trading price of digital assets is higher than since May 19.

Katie Stockton, Founder and Managing Partner of Fairlead Strategies, LLC, said that since the end of May, Bitcoin has traded mainly between US $ 30,000 and US $ 42,000, but the recent increase does not mean that the protection of the crypto -money is close to the Top. . broken area.

“We need an increase above $ 42,465 to see the breakout, which could turn into growth tomorrow,” he said.

Stockton points out that if the price of new digital devices continues to rise, it could face another $ 51,000 strike next time around.

William Noble, chief analyst at the Token Metrics research platform, has a similar point of view.

He concluded, “$ 43,700 is an important defensive point for Bitcoin. If Bitcoin breaks above this level and completes a reversal, the rise could accelerate. "Up to $ 64,000".

Jake Wujastyk, Senior Market Analyst at TrendSpider, also commented.

“VWAP, which is at its highest point in history, has yet to be fully explored and still represents around 7.5% of its total size. This Bitcoin strike is estimated at $ 45,000,” he said. -he declares. With a stable connection with 7.5% rainbow power, you can see textured VWAP. At this point, the next level of concern will be the mental health level of US $ 50,000, "Wujastyk said. $ 45,000 and US $ 50,000. Over US $ 43,000. After hitting the next price point. , Bitcoin will face yet another strike priced at $ 45,000 and cause further unrest in the current strike at $ 50,000, a price that accounts for a significant share of the sanity level and cost of technology in large sales.

While the above becomes important the protection that Bitcoin can face as it rises in value, Wujastyk described the key levels that Bitcoin can encounter when prices fall.

“The current milestones include the constant volume of packaging represented by the distribution of packaging materials in the market. These packages represent the handling of a wide range of products. “About $ 6,000. If that level breaks, the next concern is that it will be between $ 28,800 and $ 30,200 before the test,” he said.