BTC becomes legal tender in El Salvador: 5 things to watch in Bitcoin this week

BTC becomes legal tender in El Salvador: 5 things to watch in Bitcoin this week


Bitcoin (BTC) starts a new week in a new price range above $51,000 — has it beaten crucial resistance?

After the weekend turned from sideways to surge for BTC price action, bulls are now targeting $54,000 and higher.

Given how difficult it has been to hold $50,000 for any length of time over the past month — let alone beat out the sellers at $51,000 and higher — anything could happen in the coming hours and days.

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With everything to play for, Cointelegraph takes a look at five factors worth considering when deciding on where Bitcoin may go next.

Have $51,000 sellers been beaten?

It’s been variously referred to as “crucial” and the “final hurdle” by analysts — now, Bitcoin has passed $51,000.

The move was a long time coming — multiple attempts to crack $50,000, a psychological barrier in itself, all ultimately failed to flip it to support. The volume of sellers above the range proved simply too much for bulls, who previously suffered

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