- Bitcoin successfully reached the bullish price of $40k.
- This made Bitcoin break free from its resistance level of $40k
Bitcoin had just successfully reached the bullish price of $40k. Specifically, Bitcoin was able to break free from its $40k resistance level. Furthermore, this made the crypto effectively record a growth rate of over +10.5% in the past 24-hour. Indeed, this was a glorious moment that has been celebrated by the Bitcoin community in the crypto world.
This made Bitcoin analyst Bitcoin Archive react in a tweet post:
However, this achievement made by Bitcoin gathered many opinions across the crypto world. There are some that totally believe that Bitcoin will continue to surge and raise its market position while others don’t.
The crypto analyst and investor Lark Davis is one of the many people that reacted to this:
As of this writing, Bitcoin trades over $40k with a market capitalization of almost $750 billion. For this reason, BTC remains to be the number one digital asset in the crypto world. Also, Bitcoin continues to be one of the trusted cryptocurrencies by companies and investors around the world.
In other news, Bitcoin was already recognized as a legal tender in the country of El Salvador. This news was announced through a recorded message by the Central American country’s president Nayib Bukele during the Bitcoin Conference in Miami.
Also Read:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
