Further gains could see BTC reach $81,000. Downside Risks Remain

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Bitcoin is on a tear once again, with its price surging over 8% higher to trade well above the $67,500 resistance level. The latest rally has analysts eyeing the possibility that Bitcoin could soon set fresh all-time high prices above $80,000.

The world’s largest cryptocurrency by market cap is currently trading at around $68,000 as of this writing. It briefly spiked as high as $68,786 today before paring some gains – just shy of its record peak of $69,044 set in November 2021.

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