According to a well-known crypto analyst, Bitcoin is poised to reach a new all-time high if it can break above $64,000. The recent drop in price is seen as a potential bottom, and the analyst is only interested in going long on BTC if it displays a swing failure pattern at the $60,000 level or finds acceptance above $63,000. However, another analyst believes Bitcoin will dip to around $57,000 or $58,000 before reversing course. Regardless of the potential dip, traders are advised to accumulate during this period. At the time of writing, Bitcoin is trading at $61,948, representing a 2.1% increase in the last 24 hours.



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