At the moment, the largest Cryptocurrency is worth around $56,500. Bulls are unlikely to abandon their quest for the all-time high, especially as they get closer to breaking through $60,000. Bitcoin briefly surpassed $57,000 on Tuesday, indicating a bullish case. The Fibonacci retracement level of 61.8 percent provided support for Bitcoin's price drop from $58,000. The green demand zone is supported by the 50% Fibo.