Bitcoin Smashes $40k, Leaving Bears Behind

  • 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.

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