Bitcoin surpasses $ 59,000 - what's next?

Bitcoin rallied sharply on Friday morning, surging nearly $ 2,000 an hour and surpassing the $ 59,000 mark.

The first cryptocurrency hit semi-annual highs in mid-April and may hit record highs in the near future.

“The crypto market continues to delight investors. Bitcoin has gained 10% over the past seven days. The alternative cryptocurrency market is also showing a very positive end to the work week.

The news that the US has become the world leader in the hashrate of the BTC network is positive, ”said the Gravity Plus analyst group.

The main fuel for growth today has become a Bloomberg article, as is often the case recently. According to the publication, the US Securities and Exchange Commission (SEC) is preparing to approve an ETF for Bitcoin futures next week.

According to Bybt, over the past 24 hours, 47.1 thousand positions of traders have been liquidated for a total of $ 206 million. The largest one-time BTC liquidation order of $ 10 million was executed on Bitmex.

Renowned cryptanalyst Plan B using the S2F model predicts that Bitcoin's all-time highs will be refreshed at the end of October. In December, BTC will surpass $ 100,000. Cryptocurrency exchange experts Kraken also believe the flagship asset could reach $ 100,000 by the end of this year.

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