Over the past five days, the value of Bitcoin (BTC) has increased by more than 10%. Monthly, the price of the cryptocurrency jumped 32%.
However, BTC is still far from the peak values recorded in April. Recall that in mid-spring, the bitcoin rate exceeded $ 64,000.
On the night of Tuesday, August 10, the price of the cryptocurrency rose to $ 46,400. The capitalization of BTC is approaching $ 900 billion.
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Fairlead Strategies strategist Katie Stockton mentioned that Bitcoin was able to successfully overcome three resistance levels. The coin has been gaining momentum over the past three weeks. Now she is ready to "shoot" up to $ 51,000.
In July, BTC remained at around $ 30,000. After a period of prolonged consolidation, the cryptocurrency expectedly resumed its offensive, Stockton said. The next zone of strong resistance is expected just above $ 51,000, but the expert doubts that at this stage the coin will have enough support to overcome it.
Together with bitcoin, the largest altcoins also celebrated a new week in the green zone. Ether (ETH) and Binance Coin (BNB) soared in price over the past day by more than 5% to $ 3150 and $ 355, respectively. Cryptocurrency market capitalization now exceeds $ 1.873 trillion.