Bitcoin rose again over the weekend, and BTC reached a record high in 2023, exceeding US $21000. With cryptocurrency's bullish development trend again, investment analysts have not tried to figure out where its price will go next.

On Friday, January 13, 2023, Bitcoin broke through $21000 per coin for the first time this year. Similarly, according to CoinTelegram, important cryptocurrencies such as ETH, XRP and Cardano (ADA) rose within the product range after the positive consumer price index (CPI).

Last week, Bitcoin well maintained its upward trajectory and even further rose. According to the information of CoinMarketCap, at the time of writing this article, the selling price of BTC was US $21174.77, which has increased by 2.08% in the past 24 hours.

Although the crypto market is technically still in the bear market region of the stock market, the recent rebound indicates that investor sentiment has improved significantly. In fact, according to the value of anxiety and greed index, investors' mentality set a new record of monthly summary. This is a kind of cryptocurrency specific indicator value, which is calculated by applying five weights to consider the mentality.

US $21000 is an important psychological level of Bitcoin price. After advancing this goal, the operators and investment analysts are currently measuring the next step of BTC's price.

Although Bitcoin did not return to the normal level before the FTX, BTC rose to above $21095 on January 13 (Friday) for the first time since November 8 last year. In order to maintain the bullish trend, BTC must maintain above $21000 in the next few days, or it may fall to the level of $17000.

Glassnode wrote: "On January 1, a new bullish development trend gradually sent Bitcoin to the level of $186000 to $189000, but it needs to exceed $19000 to establish a new trading channel between $19000 and $21000. With the decline of Bitcoin in the middle and late stages, it is expected that there will be friction resistance around this level. If the price can not increase the moving average, we expect to move to $16000 to $17000 Regional adjustment. ".

Unfortunately, CoinTelegram stressed that the largest volume activity "seems to be around the level of 16000 dollars." The volume of less than 21000 dollars may mean that the rise at this stage may be controlled at this level.

In addition, others think that BTC still has room for promotion and is moving towards a new bottom. Rekt Capital wrote on Twitter: "Two months later, # BTC has fallen to the bottom of the macro economy, which is determined by the trend of the dead cross price of $BTC in history. According to these standards, the overall bottom of the region has gradually increased from 23500 US dollars (emerald green).".