Bitcoin continues to grow slowly and steadily. In two weeks, the BTC/USD pair managed to turn several previously important resistance levels into support levels. Now the level 52000, 54800, 56200 have become the support level for the BTC/USD pair. This intensified the bullish efforts to hit new highs. At the time of publication, the BTC/USD pair is trading at around $56900.
But a few hours earlier, the bulls managed to push the Bitcoin price above $57000. It looks like the bulls have not run out of energy and intend to close the gap between the current price and the $60000 level as much as possible. Good fundamental data will contribute to this. And analysts are confident that it will be a matter of time before the price of Bitcoin reaches the $60000 mark. Breaking the $58000 resistance level is a priority for Bitcoin bulls at the moment.
In addition, whales are actively contributing to the rise in the price of Bitcoin. Since the end of September, wallets holding between 100 and 1000 BTC have accumulated 85700 BTC. Thus, they already control 21,3% of the total supply of Bitcoins.