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<a href="https://bitcoinworld.co.in/bitcoin-crossed-the-52k-mark-will-it-rally-towards-60k-soon/" title="Bitcoin Crossed The $52k Mark: Will It Rally Towards $60k Soon?" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">Bitcoin crossed the $52k mark on Wednesday and could be heading towards the next resistance around the $60k level.</li>
</ul>
The cryptocurrency market has been bullish since the start of the week, with Bitcoin and other major cryptocurrencies rallying higher.
Bitcoin (BTC) price hit $52,000 during Wednesday surpassing the $1 trillion market capitalization after 26 months, with traders eyeing even more gains anticipating the rally has room to run.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/should-you-buy-bitcoin-btc-while-its-price-is-rising/" aria-label="“Should You Buy Bitcoin (BTC) While It’s Price Is Rising?” (Edit)" rel="noopener noreferrer nofollow">Should You Buy Bitcoin (BTC) While It’s Price Is Rising?</a>
The largest and oldest cryptocurrency shrugged off Tuesday’s dip below $50,000 on a hotter-than-expected US inflation data, reclaiming the psychologically significant price level during European trading hours.&nbsp;
At press time, the <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">price</a> of Bitcoin stands at $52,284, up by more than 5% in the last 24 hours. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years.
If Bitcoin can maintain its current momentum, it could reach the next resistance level at $60k in the coming days or weeks.
Some traders are targeting the $64,000 level in the coming weeks as demand from spot bitcoin exchange-traded fund products grows.
The broad-market rise came as bullish sentiment around bitcoin continued running higher, with options traders betting on prices to touch as much as $75,000 in the coming months.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/australian-federal-police-officer-accused-of-stealing-81-616-bitcoin/" aria-label="“Australian Federal Police Officer Accused of Stealing 81.616 Bitcoin” (Edit)" rel="noopener noreferrer nofollow">Australian Federal Police Officer Accused of Stealing 81.616 Bitcoin</a>
Altcoins also bounced, with Cardano’s ADA (ADA) and popular meme token dogecoin (DOGE) gaining 6% during the day. Ether (ETH) also rose over 5% to $2,750, its highest price since May 2022.
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Bitcoin Crossed The $52k Mark: Will It Rally Towards $60k Soon?

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