Analyst sets Bitcoin path between $48K and $67K; What is next for BTC?

If Bitcoin manages to reclaim and hold above the $58,400 level, a retest of the $60,000 to $60,700 range is highly probable. The price action within this range will be pivotal in determining the next significant move for BTC.

Should Bitcoin break and hold above the $60,700 resistance level, it is likely to continue its upward trajectory towards the $67,000 zone.

Bitcoin 7-day price chart. Source:

The next move for Bitcoin hinges on its ability to reclaim and hold above the $58,400 level and the price action within the $60,000 to $60,700 range.

Traders should monitor these levels closely, alongside the upcoming U.S. CPI and PPI data, to gauge the markets next direction.

A breakout above $60,700 could pave the way to $67,000 and higher, while a failure to hold above $58,400 could lead to a retest of the $48,185 support level.