Bitcoin recently hit a fresh all-time high amid anticipation surrounding the approval of the first Bitcoin futures exchange-traded fund (ETF). The flagship cryptocurrency increased to slightly more above $67,000, bringing the distance to $70,000 much closer. At the time of writing, the bellwether Cryptocurrency was trading at roughly $62,050. In the short term, Bitcoin's upswing will be maintained as long as bulls retain the price over $60,000.