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  • Bitcoin broke $ 50,000 for the first time since September 7, $ 55,000 soon

Bitcoin broke $ 50,000 for the first time since September 7, $ 55,000 soon

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  Bitcoin

TL; Fault DR

  • Bitcoin crossed the $ 50,000 mark for the first time in a month.
  • October could be an important month as the BTC outperforms its previous ATH value of $ 64,000.

Bitcoin (BTC) broke the most expected level – $ 50,000 – for the first time in almost a month, rising more than 6% in one day. In September, the price of Bitcoin remained between $ 40,000 and $ 48,000, and China’s FUD largely delayed the uptrend.

BTC is currently trading at $ 50,250 and does not appear to be declining. Capital of the companyA well-known market analyst noted that prices are consistently higher than the 21-day moving average (EMA), which boosted investor confidence in BTC and accelerated it.

Many market experts and analysts have predicted that October will bring the bull, calling it “Uptober”. Altcoins, along with BTC, are also struggling to break out of the market and compete fiercely for each other.

Shiba Ino price increased by 75%, making it the biggest profit of the day. The market is burning and the Internet of Things (ICP) is up 11 percent.

With increased investment and institutional input, BTC supply in cryptocurrency exchanges reached its lowest level in 30 months. This reduced the possibility of reselling (as after September 7) and was another major factor driving up the price of BTC.

Traders say that if all goes well without any major repression, bitcoin could reach $ 100,000 before the end of this year.

Bitcoin targets $ 55,000

Bitcoin is working hard to maintain its position above the $ 50,000 area, before starting another $ 55,000 uptrend, the main level of resistance in the previous uptrend.

The last quarter of 2021 could play an important role for BTC as it tries to stay above $ 50,000. BTC is $ 52,000-59,500 and the resistance level of $ 55,000 can be touched in a short time.

The market value exceeded $ 900 billion and defeated Facebook. Coincidentally, Facebook shut down last night, making ridicule fans of the company.

The next goal of the largest cryptocurrency is to create a previous digital currency (ATH) of its previous $ 64,000 by creating a new currency.