Bitcoin investors could get used to new ATH prices for the top cryptocurrency as BTC has made it to a new ATH twice in a matter of 48 hours. The first time, the top crypto scored 42,000$ and quickly went over that value to touch a new record price of 48,000$. This is the highest that Bitcoin has ever traded by far, close to reaching the 50,000$ mark. However, BTC made a recoil and dipped to 37,600$. Although BTC dipped below its new ATH, the crypto is still trading at a high price.
Bitcoin Reaches 48,000$ in the Latest Bull Run
Bitcoin made it to a new ATH price of 48,025$ on February 9th, only an hour before at the time of the writing. That way, BTC has made it to a record price as this is the highest that BTC traded since it was first introduced to the public. Even though Bitcoin dipped below 48,000$, currently trading at the value of 37,600$, the crypto is still showing daily gains of 22.4%, signifying that BTC is on a bull run once again. The top crypto might have a chance to get to the 50,000$ target in case it enters a reversal from the previous dip and gets back to its all-time high. Ever since the halving, BTC has been a point of increased interest among old and new investors alike, perhaps allowing a glimpse into a prominent future of more gains and rises.
Bitcoin (BTC) Price Analysis February 2021
- Bitcoin is currently trading at the price of 47,688$ from 48,025$, still trading at a high price after a minor dip
- The weekly chart is showing 42.5% of gains
- The lowest price for the week is 38,807$
- The highest price for the week is 48,025$
- The yearly chart is showing 381% of returns for the top crypto
Image credits: Cover photo taken from Viktor Fargacs on Unsplash