Key facts
- Coinbase CEO Brian Armstrong believes Bitcoin has likely bottomed around $60,000.
- Armstrong views Bitcoin as 'digital gold' and a key part of the future economy.
- Bitcoin prices rose above $65,000 following news of a U.S.-Iran peace deal.
- An analyst identified a resistance level between $66,100 and $66,300.
Coinbase CEO Brian Armstrong expressed strong optimism about Bitcoin's future, suggesting the cryptocurrency has likely found a bottom around the $60,000 mark. He views Bitcoin as 'digital gold' and a crucial element of the future economy, advising investors to focus on its long-term impact rather than short-term volatility. Armstrong anticipates significantly higher prices by 2030, referencing historical four-year market cycles. His comments come amid a broader market rally, with Bitcoin surpassing $65,000 following reports of a U.S.-Iran peace deal that eased geopolitical tensions. However, analyst Tara has identified a critical resistance zone between $66,100 and $66,300, warning that a failure to break through could lead to a pullback towards $60,000 and potentially $56,300.