Breaking News: Bitcoin Passed $52,000!
This is one of the most exciting days in the cryptocurrency market in recent days. Especially in the United States, spot Bitcoin ETFs continued to buy Bitcoin, causing the Bitcoin price to rise above $52,000. With this development, Bitcoin reached its highest level in two years on February 14. So what can we expect from Bitcoin in the near future? Let’s take a look together.
Bitcoin Chart Analysis
The formation of ascending channels on Bitcoin’s daily chart is noteworthy. Following the latest developments, Bitcoin continued its rise by exceeding EMA 9 (blue line) and rose above $52,000 in the last minutes. At the time of writing, Bitcoin is trading at $51,942.
The most important support levels to consider for Bitcoin are: $49,626/48,215 and $46,540. Notably, a daily bar near the bottom of $48,215, breaking above the 9-day EMA,
This will put selling pressure on Bitcoin.
The most important resistance levels to watch for Bitcoin are the following: $52,038/$53,661 and $54,771 respectively. In particular, closing the daily bar above $53,661, a level that has not been breached in the last two years, will allow the Bitcoin price to gain momentum in the long run.
