Any chance of Bitcoin surging back to update 45k high?

What's in this article

Bitcoin falls from a high of $45,000 and is currently ranging right above the support level of $41,000. Is there any chance of Bitcoin surging back to update the previous high of $45,000?

Bitcoin price today is $42,549.27 USD with a 24-hour trading volume of $20,104,078,072 USD. Bitcoin is up 0.00% in the last 24 hours, with a market cap of $806,646,638,150 USD. It has a circulating supply of 18,957,943 BTC coins. 

Source: Tradingview

Bitcoin: Analysis

Market moves sideways after dropping below $43,000 after fairly surviving the deadly weekend. Bitcoin has strong support level at $41,000 and it’s likely to respect it and keep surging above this as the buying pressure increases every time it nears this level. The considerable resistance for Bitcoin is at the Feb 10 of $45,800.

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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