{"id":35968,"date":"2021-02-06T15:00:57","date_gmt":"2021-02-06T13:00:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35968"},"modified":"2025-08-29T03:56:02","modified_gmt":"2025-08-29T00:56:02","slug":"bitcoin-price-back-above-40000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-back-above-40000\/","title":{"rendered":"Bitcoin price back above $40,000"},"content":{"rendered":"<p>Bitcoin&#8217;s price accelerated higher, successfully breaking the $40,000 psychological level.<!--more--><\/p>\n<p>As of writing, Bitcoin is trading around $40,400. The last time it traded at these levels was January 10.<\/p>\n<div id=\"attachment_124182\" style=\"width: 1493px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124182\" class=\"size-full wp-image-124182\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-15.png\" alt=\"Bitcoin price back above $40,000\" width=\"1483\" height=\"818\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-15.png 1483w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-15-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-15-1024x565.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-15-768x424.png 768w\" sizes=\"auto, (max-width: 1483px) 100vw, 1483px\" \/><\/p>\n<p id=\"caption-attachment-124182\" class=\"wp-caption-text\">Four-hour BTC\/USD chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p>Renowned trader and technical analyst Micha\u00ebl van de Poppe said that Bitcoin is currently testing a resistance zone that would separate the price from a new high around $50,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> reached the next area of resistance and final hurdle before new ATH\u2019s.<\/p>\n<p> $35,000 was the crucial area and it broke, therefore, we\u2019re at the next level of resistance.<\/p>\n<p> Breaking this and I think $50,000 is on the horizon. <a href=\"https:\/\/t.co\/dOapKc125I\">pic.twitter.com\/dOapKc125I<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1358013302295703554?ref_src=twsrc%5Etfw\">February 6, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total market capitalization at the time of writing stands at $1.23 trillion. Bitcoin&#8217;s dominance index is 60.9% (according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a>).<\/p>\n<p>Earlier today ForkLog reported that the hash rate and mining difficulty <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hash-rate-hits-a-record-174-9-eh-s\">have reached historic highs<\/a>.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price accelerated higher, successfully breaking the $40,000 psychological level.<\/p>\n","protected":false},"author":1,"featured_media":35969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-35968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35968"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35968\/revisions"}],"predecessor-version":[{"id":35970,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35968\/revisions\/35970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35969"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}