Bitcoin finally !


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bitcoin takes at 200DMA as bulls eye $51,000 resistance


For all of last week, BTC showed resolve to rebound from the mid-$46,000s to touch the $50,000 mark again. The 200DMA is acting as strong support, helping BTC bounce back three times in the last two weeks. At the time of writing, BTC has broken out of a decisive rectangle pattern.

For the last couple of weeks, the $50,000 level has been seen as key. However, now analysts believe flipping $51,000 to support would be key to solidifying the current trend. At the very least, a daily close above $51,000 would be absolutely necessary. During Bitcoin's run in early 2021, $51,000 was a significant level and it still could be on its way to a new all-time high.
It's always interesting to see how Bitcoin performs over time. Breaking through the 200DMA is a notable achievement, and reaching that $51,000 resistance level is a positive sign.BTC's ability to bounce back from the mid-$46,000 range with the support of the 200DMA is impressive and shows its resilience. It's like Bitcoin saying, "I'm here for the long run."As you mentioned, $51,000 has historical significance, and if it can become solid support, it could pave the way for new all-time highs.The crypto market is full of surprises, and each milestone brings its own excitement. Have you considered using a crypto wallet as a service to manage your digital assets more efficiently? They can be quite handy.