Abstract : The bull market of Bitcoin is focusing on a $50,000 valuation.
February 9 (ChainDD) According to Jin10, a data analysis website, the unstoppable bull market of bitcoin continued to hit a new all-time high on Tuesday. Yesterday, Tesla announced that it had bought $1.5 billion Bitcoin, and it would consider accepting bitcoin as a paying method for car purchases.
Technically, bitcoin remains above its 50-day moving average price. However, the situation of overbought RSI (Relative Strength Index) may give the bull a break.
As a result, any market pullback would require a drop below the January record of $41,987 to call back short-term sellers. At the same time, the bull market of Bitcoin is focusing on a $50,000 valuation.