Why Bitcoin Could Revisit The High $30K’s

Bitcoin has broken $43,000 in a remarkable recovery journey that began at the start of the week. It has been a welcome change to the low momentum recorded in the market this past week. However, although the digital asset is doing well currently, there are still a lot of things that could pull it back down. One of the most prominent is the ability of the cryptocurrency to continue blasting through important resistance points. The Points To Beat Bitcoin remains the most valuable asset in the crypto space currently. This is due to its outperformance over the course of its existence. But this has not come without its hurdles, some of which are major resistance points that the asset must comfortably break through to establish the start of a bull trend. One of these important points lies ahead of bitcoin. Related Reading | Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up After successfully surpassing the $43,000, bears will wait for the cryptocurrency to near $45,000, where they will mount significant resistance. This point is an important one to beat because it sets the course for another bull rally. Bitcoin has been unable to beat this level this year as bears remain in control. However, a significant shift in buying momentum could present an opportunity to break through. BTC trading at $42,889 | Source: BTUCSD on TradingView.com Since the digital asset has already solidified its position above i...