fxstreet.com 16 Feb, 2021 05:45 am

Bitcoin breaks $50,000 as momentum builds for another leg up

Bitcoin breaks $50,000 as momentum builds for another leg up
Bitcoin has, for the first time in history, broken above the $50,000 mark. The journey to this incredible milestone became apparent over the weekend,

Bitcoin steps above $50,000 as bulls eye highs towards $60,000.Bitcoin has, for the first time in history, broken above the $50,000 mark.The break above $50,000 comes at a time; the entire cryptocurrency market is building momentum.Bitcoin must cling to support above $50,000 Following the break, Bitcoin must sustain the trend above $50,000 to continue with the remaining half of the journey to $100,000.

As long as the BTC stays above this zone, the uptrend above $50,000 will become apparent.Therefore, sustained action above $50,000 will ensure that Bitcoin stays in the price discovery mode.

Read full story at fxstreet.com