Altcoins breakout to new highs while Bitcoin price retests a key support

Altcoins breakout to new highs while Bitcoin price retests a key support


Bullishness in the cryptocurrency market continued on Feb. 18 as Bitcoin (BTC) trades near $51,000 and Ether (ETH) is within reach of the $2,000 level for the first time as retail traders remain long while pro traders are less optimistic in the short term.

Data from Cointelegraph Markets and TradingView shows Bitcoin price has pulled back slightly from recent all-time highs to a current value of $51,924 while ETH price has increased 5.66% to a record high of $1,950.

Investors in Canada showed their healthy appetite for access to the top cryptocurrency as the debut of the Canadian Bitcoin ETF saw nearly $100 million in volume during the first few hours of trading.

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Daily cryptocurrency market performance. Source: Coin360

Meanwhile, Microsoft co-founder Bill Gates indicated that he has taken a “neutral view” on Bitcoin and is neither short nor long on the asset, feeling that BTC “can go up and down just based on the mania or whatever the

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