Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high By Cointelegraph



Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high

Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched to over 1,4000 companies.

This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has prevented BTC from a new all-time high, while many all-time highs were established by altcoins during the past week.

XBT/USD 4-hour chart. Source: TradingView
Bitcoin dominance 1-week chart. Source: TradingView