With ETH approaching $4,000 for the first time since May, Bitcoin’s goal is the “ultimate resistance” of $51,000


Bitcoin (Bitcoin) Passed $50,500 late Friday and returned to the $50,000 mark, making the bulls return to the scene firmly.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Bitcoin launches a $51,000 offensive

Data from Cointelegraph Markets Pro with Transaction view It shows that BTC/USD rose after falling to a low of $48,300 overnight.

In an important retest, the Bitcoin price trend subsequently reversed upwards, hoping that $50,000 can now consolidate its support.

Cointelegraph special analyst Michaël van de Poppe said that if this happens and the $51,000 resistance level subsides, it may push upward.

“When Bitcoin breaks through the $51,000 level, we are likely to only get a vertical candle, reaching $58,000, or even $60,000,” he predicted in the latest report YouTube updates.

He added that in this case, the altcoins that rose sharply this week could be severely lost to BTC.

have a look Buy and sell levels At the same time, on Binance, the main exchange, the last major resistance is near $51,000 and support is at $47,000.

BTC/USD trading level (Binance) as of September 3. Source: Material Indicators/Twitter

Ether closed at $4,000

On altcoins, ether (Ethereum) Stand out at a price of $4,000-a level that has not been touched since May.

related: Solana continued its rally and hit a new high-why did the SOL price rise by 70% in a week?

The largest altcoin gained another 5% on Friday, which is $400 from its all-time high.

ETH/USD 1-day candlestick chart (Bitstamp). Source: TradingView

At the same time, Solana (SOL) Leaders of the top 10 cryptocurrencies In terms of market value, it rose 20% to $140 on the day.

By doing so, SOL replaced Dogecoin (dog) As the seventh largest cryptocurrency.