Bitcoin did it again. As mentioned in our previous article, it looked like the cryptocurrency giant was on its way to break above its previous all-time high to set a new one. Breaking past its previous high and reaching new highs on Wednesday at a price of $69,000, Bitcoin looks to be making steady progress upwards.
- However, a break below $63,000 may signal a return to the downside.
- Any trades above the key support level of $63,000 indicates the bullish momentum still exists.