Photo: Coin Telegraph
(Coin Telegraph) - Bitcoin’s price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb 6, just days after MicroStrategy's pitched Bitcoin to over 1,400 companies.
This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test.
The final hurdle at $40,000 has prevented Bitcoin from a new all-time high, while many all-time highs were established by altcoins during the past week.
Bitcoin should break final resistance before new all-time highs
XBT/USD four-hour chart. Source: Trading View
The four-hour chart of Bitcoin shows a beautiful breakout above $35,000, which resulted in a healthy continuation toward $40,000.
During this run, the $38,000 level gave a small rejection but wasn’t classified as a massive resistance zone.
The $38,000 level received its test during the Elon Musk pump, as Bitcoin’s price retraced significantly on the same day.
Therefore, if Bitcoin would break through $35,000 again, it wasn't surprising to see a continuation to $40,000 rather than another rejection at $38,000.
Read more from the original article here.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang