Breaking : Bitcoin above $60K for the first time in 3 years

Bitcoin broke the $60,000 level for the first time since November 2021.

The largest cryptocurrency in the cryptocurrency market traded at $60,050 moments ago at the top of the last 24-hour trading.

Bitcoin is currently rising nearly 5% and is trading in the $59-60,000 per coin range, benefiting from aggressive demand generated by Bitcoin ETF purchase flows.

Bitcoin is heading towards its historic high of $69,000, which experts predicted will succeed in breaking it in this year that saw the acceptance of Bitcoin ETFs as well as the halving process.

According to an analysis published on the beIN Crypto website, it indicates that the price of Bitcoin is in the third (black) wave of a five-wave upward movement. The number of sub-waves is white. So far, the third wave has been longer than the first wave and is approaching 1.61 at $65,400. This would be a suitable level for a short-term high that marks the beginning of the fourth wave.