Bitcoin (BTC) May Be Preparing For A New Leap. Weekend Price Analysis

Bitcoin, which is in the leading position of the crypto market by market cap, has had an incredible uptrend this month and has been a great success. In addition, Bitcoin managed to break the all-time record this month. But Bitcoin has generally charted sluggish on weekends this month. When we examine the last 3 weeks this month, Bitcoin generally stayed in the red zone and fell back a little. Similarly, Bitcoin was in the red this weekend.

Bitcoin is currently trading at $60,276 and is down about 1.3% from yesterday. It also dropped below $60,000 yesterday but quickly moved away from there, back to above $60,000. It is currently struggling to stay above $60,000. There is resistance at $60,780 and $61,200. It is trading close to resistance prices. If it can surpass $61,000 and stay above it, it could continue higher. If rejected, it has solid support at $59,800, the next support at $59,620. But when we examine it according to current data, it gives a sign that it wants to go higher.

Bitcoin has a high trading volume, which signals that it can grow even more. However, the bulls seem to be lacking energy on the weekends. They may be gathering energy for a new week. In addition, the high trading volume indicates that institutional investors have increased significantly. But in recent weeks, Bitcoin has generally stayed in the red zone over the weekends and has lost value. Similarly, it has decreased this weekend, but it may continue its upward trend in the new week. If there is no negative atmosphere in the crypto markets, I think Bitcoin can test around $ 70,000 this month.

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