Bitcoin Overtakes $47K – Resistance Crumbles
Resistance to Bitcoin is futile, hopefully we start seeing some upward momentum. Price this morning has been over $47K and currently at $47577
Bitcoin steals $47K from bears as critical BTC price resistance crumbles
“Bitcoin (BTC) tentatively reclaimed $47,000 on Wednesday in a move that analysts believe should open up the path to $50,000.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being crucial to flip for bullish continuation.
The level had seen fierce defense by whales the day before, but bulls ultimately won the upper hand, lifting Bitcoin out of a multi-day descending channel.
Even a dip toward $46,000 failed to materialize, reinforcing the more optimistic case for short-term BTC price action.”