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.
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