At the beginning of the day, BTC started strong while getting closer to its previous all-time high price recorded in January, 2021 when Bitcoin scored its ATH at the price of 41,940$. The top crypto got close to the price target of 42,000$, but it pulled back at the resistance. However, exactly one month later since reaching its ATH, BTC made another record, this time trading at 42,360$ with high hopes for new highs in the following period.
Bitcoin Goes Over 42,000$ to Score a New ATH
Bitcoin is once again seen on a bull run as the top cryptocurrency is scoring a new all-time high price, this time getting past the value of 42,000$ for the first time in the history of crypto market and BTC. In the matter of hours, bitcoin spiked from barely touching 42,000$ to 42,360$, heading for the next target at 42,500$ from where it could launch another bull run and score 43,000$. In case the sentiment continues, BTC might be able to push the price farther from the current ATH and towards a new all-time high. Bitcoin had assured investors twice this year that BTC is an investment bound to pay off with every bull run for patient holders. BTC is also bound to pull the rest of the market, with the current market dominance at 57%
Bitcoin Price Analysis February 2021
- Bitcoin is trading at the price of 42,360$ at the new ATH as the top crypto keeps rising from hour to hour
- The weekly chart is showing 23.6% of gains for BTC
- The lowest price for the week is 33,405$
- The highest price is the current value of 42,360$ as it appears that BTC will keep rising from this point
- The yearly chart is showing gains of 316% as BTC continues with new ATH scores and record-breaking prices
Image credits: Cover photo taken from Andre Francois McKenzie
