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Better Than Bitcoin? Investors Find A New Gold Mine.


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Bitcoin Attempts To Settle Above August Highs

Bitcoin is currently trying to settle above the key resistance level at $50,000 while other cryptocurrencies are also moving higher.

Ethereum continues its rally and is trying to get to the test of the $3,800 level. Dogecoin is trying to settle above $0.30 while XRP is testing resistance at $1.25.

The crypto market mood is bullish which is not surprising as the world’s leading cryptocurrency managed to get back to recent highs.

This is a very important moment for Bitcoin bulls as Bitcoin needs to settle above the $50,000 level to continue its upside move. Bitcoin has already made one serious attempt to settle above this level back in August but failed to develop sufficient upside momentum.

In case Bitcoin fails to settle above $50,000, it may find itself under material pressure as some traders would prefer to take profits near highs while others would decide to bet against Bitcoin.

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