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The price of the first cryptocurrency accelerated its growth, successfully breaking the psychological level of $ 40,000.
At the time of writing, bitcoin is trading in the $ 40,400 region. Digital gold was last seen at these levels on January 10th.
Bitstamp’s 4-hour BTC / USD chart from TradingView.
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Renowned trader and tech analyst Mikael van de Poppe expressed the opinion that digital gold is currently testing a resistance zone separating the price from a new high around $ 50,000.
#Bitcoin reached the next area of resistance and final hurdle before new ATH’s.
$35,000 was the crucial area and it broke, therefore, we’re at the next level of resistance.
Breaking this and I think $50,000 is on the horizon. pic.twitter.com/dOapKc125I
– Michaël van de Poppe (@CryptoMichNL) February 6, 2021
The total market capitalization at the time of writing is $ 1.23 trillion. Bitcoin dominance index – 60.9% (according to CoinGecko).
Earlier today ForkLog reported that hashrate and mining difficulty metrics updated all-time highs.
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