Analysts say Bitcoin daily close above $48K opens a clear path to a new all-time high

Cryptocurrency investors were in high spirits on March 28 as the week-long melt-up across the market extended another day, with Bitcoin (BTC) rallying to $48,000 and Ether (ETH) trading above $3,400.

Data from Cointelegraph Markets Pro and TradingView shows that after a brief pause near support at $47,000 in early trading on Monday, an afternoon wave of buying helped lift BTC above $48,000 and bulls are identifying $52,000 as the next stop.

BTC/USDT 1-day chart. Source: TradingView

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