Bitcoin surged past the $46,000 mark on February 9th after overcoming a significant resistance level at $44,000. This resistance had been a barrier to price increases since the introduction of spot Bitcoin ETFs in the United States about four weeks earlier.
The leading crypto asset, buoyed by the onset of East Asia’s major festival marking the beginning of an auspicious period in the Chinese Zodiac, reached its highest point in a month.
Bitcoin Poised for $48,000 Breakthrough
The latest breakthrough marks a notable achievement, signaling the conclusion of a corrective phase that had seen the asset drop to $38,500 in late January.
Markus Thielen, founder of 10x Research, predicted that Bitcoin is poised to reach $48,000 in the near future. Thielen attributed this potential breakout to a historical trend of significant gains during the Chinese New Year festivities.
Leveraging the Elliott Wave theory – a technical analysis method that identifies repetitive wave patterns – to predict
We współpracy z: https://cryptopotato.com/bitcoins-lunar-new-year-momentum-soars-beyond-46000-defying-resistance/
