It
appears to be all systems go for bitcoin as the bulls aim to cement $50,000 as
support and set up the ‘new normal’ for BTC/USD. On February 17, 2021, bitcoin
hit new highs of over $51,650 as it encountered what Peter Brandt confirms is a
“parabolic advance.” Bitcoin has now entered the uncharted $50,000 zone with
data from TradingView showing bitcoin passing the $50K resistance zone again.
This time around it continued into uncharted territory. On February 16, bitcoin
flirted with $50,000 for the first time in its history. But, the level failed
to hold more than just minutes. https://youtu.be/olrSxnOnwog
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