Bitcoin traded at $60,102.69 after rising as high as $61,222.22 over the weekend, approaching the record peak of $61,781.83 set one month ago.
Miners have not been selling recently minted tokens at a time of greater demand from corporations and investors, according to Justin d'Anethan, sales manager at digital asset company Diginex in Hong Kong.
The market is bullish. Last week’s flagging congestion days keeps trade poised for follow through rallies and close over 61222 could add pressing moves over 61781. Any corrective dips should hold 58111 to maintain strong bull trending action. Only a close under 55322 signals a reversing turnaround.