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Bitcoin (BTC) Closes Month Above $60,000 for First Time in History

2 mins
Updated by Ryan Boltman
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In Brief

  • BTC is trading above the long-term $59,000 support area.
  • It has broken out from a descending parallel channel.
  • BTC has support and resistance at $56,570 and $63,530, respectively.
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For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
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