After overnight lows of $48,300, the BTC/USD pair is making momentum.
Bitcoin Watch
After a significant retest, Bitcoin’s price movement turned upward, indicating that $50,000 may now be able to hold as support.
If that happens, and the $51,000 barrier is broken, expert Michal van de Poppe believes the odds favour an upward impulsive move.
“If Bitcoin breaks out of this $51,000 barrier, likely, we’ll just get one vertical candle towards $58,000, or perhaps $60,000,” he projects.
An examination of the purchase and sell levels on the main exchanges. Meanwhile, Binance has identified $51,000 as the last big resistance level close, with $47,000 as support.
Alt Coins Performance
Ether (ETH) stood out among cryptocurrencies with an attack on $4,000, a level it hadn’t seen since May. The most popular cryptocurrency rose another 5% on Friday, bringing it within $400 of all-time highs. Meanwhile, Solana (SOL) was the market capitalisation leader among the top ten cryptocurrencies, rising 20% on the day to $140.
SOL surpassed Dogecoin (DOGE) to become the seventh-largest cryptocurrency.
