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 area. Digital gold was last seen at these levels on January 10.
Bitstamp’s 4-hour BTC / USD chart from TradingView.
Renowned trader and tech analyst Mikael van de Poppe expressed the opinion that digital gold is currently testing the level of the resistance zone separating the price from the 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 is 60.9% (according to CoinGecko).
Earlier today, ForkLog reported that hashrate and mining difficulty metrics hit all-time highs.
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