Bitcoin (BTC) passed the $ 50,500 mark after some time on Friday because the return to the $ 50,000 mark firmly put the bulls back on the market.
Bitcoin is planning a $ 51,000 offensive
Information from Cointelegraph Markets Professional and TradingView confirmed that BTC / USD is gaining ground after falling to a low of $ 48,300 in a single day.
A major re-test that then reversed Bitcoin value movement and raised hope that $ 50,000 can now solidify as support.
Should that happen and the $ 51,000 resistance shifted, there is a risk of an upward transfer, said Cointelegraph analyst Michaël van de Poppe.
“The second bitcoin crosses that $ 51,000 mark, the chances are we can just hit a vertical candle towards $ 58,000 and even $ 60,000,” he predicted in his latest YouTube replacement.
He added that in this situation, altcoins, which have risen significantly this week, could potentially lose heavily against BTC.
Meanwhile, a look at the buy and sell ranges of the main alternative, Binance, confirmed the last remaining major resistance level near $ 51,000, with support at $ 47,000.
Ether is approaching $ 4,000
On Altcoins, Ether (ETH) shone with an attack on $ 4,000 – a level it hasn’t reached since May.
Related: Solana Extends Rally With Another New Excess – Why Has SOL Score Up 70% In One Week?
The major altcoin gained another 5% on Friday, within $ 400 of its all-time surplus.
Solana (SOL) meanwhile led the top 10 cryptocurrencies by market capitalization, climbing 20% to over $ 140 that day.
SOL ousted Dogecoin (DOGE) as the seventh largest cryptocurrency.