Bitcoin reclaims the 40k range after week closes green

What's in this article

Bitcoin is up more than 34% after slumping down to $33,000 on January 24 – swiftly rising to the $45,000 range. Bulls seem ambitious after the market turns green.

Bitcoin price today is $43,148.51 USD with a 24-hour trading volume of $36,150,567,465 USD with a live market cap of $817,757,296,544 USD. It has a circulating supply of 18,952,156 BTC coins.   

Source: Tradingview

Bitcoin: Analysis

Bitcoin today broke the important resistance of $43700 and touched the $45,000 mark. The price is expected to move sideways before a final ascend to $49,000 resistance level. A pullback to the support level of 43,000 is very likely to happen. If the bullish trend continues, Bitcoin will update the all-time high, as soon as March.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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