The crypto market is stronger than expected this week, sending Bitcoin price above $51,000 for the first time since December 2021. Altcoins, not being left behind, responded with significant strength led by Ethereum (ETH), which has reclaimed support/resistance at $2,700.
If BTC crosses above an important weekly resistance from December 2021, this pre-halving rally could continue uninterrupted and possibly peak between $54,000 and $58,000, Michaël van de Poppe, the founder of MN Trading Consultancy said via an X post.
#Bitcoin breaking through $51,000 and making a new yearly high.
Mentioned earlier that there’s more strength in the markets than I expected.
Probably we’ll see $54-58K pre-halving as a potential peak. #Ethereum remains strong and is the one to follow. pic.twitter.com/uL5Nh2Tfu3
— Michaël van de Poppe (@CryptoMichNL) February 14, 2024
Bitcoin Price Market Cap Reclaims $1T Mark
The remarkable rally this week has seen Bitcoin not only stay buoyant but also on a nor
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