Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up

Since Jan. 24, Bitcoin has been rising above an ascending support line. Thus far, the cryptocurrency has confirmed the line many times, and the subsequent rebound has resulted in the continuous upward movement. The price is rapidly approaching the $44,000 horizontal resistance line, which BTC has not traded above since the first week of January. Wednesday’s price decline was brief, as bitcoin surged to a fresh three-week high above $43,000. The majority of altcoins have also entered the green zone, led by Dogecoin, Shiba Inu, Cardano, and NEAR Protocol. Bitcoin Gathers Momentum It was less than a week ago that the world’s most valuable cryptocurrency landed at just over $40,000, and the community was fearful that the commodity might go below that coveted threshold. However, the situation immediately shifted, and Bitcoin began an incredible run that culminated in a price of $42,000-plus. Following that, a minor pullback dropped bitcoin down to $41,000. Nonetheless, the bulls rallied and drove BTC higher. For the first time since March 4, the cryptocurrency reached and momentarily notched over $43,000 this time. Related Reading | Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum? BTC Firm Despite Pressure As a result, bitcoin is presently about 5% higher than it was last week at this stage, despite recent price volatility. The BTC/USD pair attempted to crack and secure its highest level...