Bitcoin Tops $52,000 to a Fresh Two-Year High. Why $60,000 Could Be Next.

Bitcoin prices have surged in recent days, trading at the highest levels since December 2021.

Bitcoin and other cryptocurrencies advanced again Thursday, continuing the rally that has pushed digital assets to two-year highs in recent days. Analysts said cryptos have momentum that could push prices higher still.

“Bitcoin is grabbing the headlines once more, fully capitalizing on the spot ETF coverage to soar to a new two-year high,” said Craig Erlam, an analyst at broker Oanda. “When crypto has momentum like this, who knows where it will go next, and that can apply in both directions.” “We don’t even see a prolonged consolidation,” said Alex Kuptsikevich, an analyst at broker FxPro. “This dynamic reinforces our view that the next meaningful shakeout may not come before the approach of $60,000, where there were several inflection points in 2021.”

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