After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
The market situation is indeed difficult to predict this year because of the turmoil in several countries that made the business industry chaotic, at the beginning of this year everyone was shocked by the war that broke out between Russia and Ukraine, from this incident we can see market sentiment turning negative which caused the market capitalization to fall as a result of the sell-off. But now / today we can see the price of BTC has increased by 4% from $40k to the price of $45k. Well, based on this there is a possibility that the BTC price will reach $60k by the end of this year or will record a new ATH.
Now the price had increased to 44k dollars after the huge period.The resistance for the pump is 45k dollars.Now Russia accepting the bitcoin as a payment for the world country to their barrel of oil.The oil price was increased all over the world.The root cause for this is Russia.