The price of bitcoin just surpassed $39,000 for the first time in 2023 and the first time since May 2022.
With the latest resistance overcome, what's next for the top cryptocurrency by market cap?
bitcoin Surpasses $39,000 as 2023 Rally Continues
bitcoin price action is heating up on a Saturday afternoon, breaking local highs and settling above $39,000.
The move represents another higher high, another 2023 high, and has triggered several technical signals. More importantly, with BTCUSD now within striking distance of $40,000, things are starting to get a lot more interesting for the cryptocurrency market.
bitcoin breaks above $39,000. Is $40,000 next? | BTCUSD on TradingView.com
ethereum joins the crypto market rally
An important factor that helps generate further momentum in bitcoin, ethereum-news/ethereum-price-sets-new-2023-high-sets-sights-on-3000/” rel=”nofollow noopener” target=”_blank”>is the joint participation of ethereumwhich has been left behind until recently.
With additional market breadth, BTCUSD rose along with several altcoins. Above $40,000, bitcoin could find its way back around $50,000 or possibly even all-time highs before the end of the month.
