Bitcoin (BTC) price returns to $60,000 - Here are levels to watch

Bitcoin (BTC) price is up over 6% as buyers approach the $60,000 handle following a series of positive developments coming from the major financial institutions. 

Fundamental analysis: Goldman the latest to embrace crypto

Goldman Sachs became the latest major financial player to enter the crypto ecosystem. One of the world’s largest investment banks said it will start offering Bitcoin and other digital assets to its wealthy clients to meet a surge in demand.  

Rich, who was recently named global head of digital assets for Goldman’s private wealth management division, said that the company witnessed a surge in demand for crypto assets. 

News from crypto comes just a few days after both Visa and PayPal announced new crypto features to further accelerate the mass adoption of cryptocurrencies. 

Technical analysis: What are the targets?

Bitcoin price soared over 1% today to approach the $60,000 handle once again. The world’s largest cryptocurrency has gained 6.5% this week after a brief correction that took place over the course of the past two weeks. 

A break of the descending trend line has provided a further impetus for investors seeking to buy Bitcoin as the road towards the next resistance target at $65,000 is now pretty much open. Above, the 161.8% Fibonacci extension line comes in just below $69,000.

Summary

Bitcoin price has gained over 1% today to come close to $60,000 once again as buyers look for a final push towards $65,000.