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$47,500</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Feb 09, 2021</li><li>05:02</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500" alt="Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F02%2Fdaily_analysis_09.02.jpg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F02%2Fdaily_analysis_09.02.jpg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F02%2Fdaily_analysis_09.02.jpg&w=1920&q=75"/></div><div class="content_block"><hr/><p><span style="font-weight:400">Yesterday, the price of Bitcoin came in the range of $45,000 – $50,000. Trading volume also jumped almost 2 times and amounted to $112 billion over the past day.</span></p><p><span style="font-weight:400">As a result of this dramatic move, positions totaling over $1 billion were liquidated. These liquidations only spurred the price movement upward. But why did the Bitcoin price soar? Let’s figure it out.</span></p><p><span style="font-weight:400">This growth was prompted by the fact that yesterday it became known that the large car company Tesla acquired Bitcoin worth $1.5 billion in January 2021. They also announced that they will introduce payment for their products for Bitcoin. All this provoked the highest surge in activity in the Bitcoin market.</span></p><p><span style="font-weight:400">Many people rushed to buy Bitcoin, as a result of which its price increased significantly and broke the ATH at the $42,000 level. At the same time, some large crypto exchanges, such as Binance, could not withstand such a massive load on the site and remained unavailable for some time.</span></p><p><span style="font-weight:400">Recall that the head of Tesla is Elon Musk, who in the past two weeks has been actively promoting cryptocurrencies, in particular Bitcoin and Dogecoin. It is possible that all these are links in one chain and these events are interconnected.</span></p><p><span style="font-weight:400">So now Bitcoin is worth $47,500. What will happen next? To do this, let’s take a look at the chart:</span></p><p><img loading="lazy" class="alignnone size-full wp-image-10292" src="https://webinar.choise.com/wp/2021/02/btc-14-btc.png" alt="" width="1470" height="896"/></p><p><span style="font-weight:400">Based on the chart, Bitcoin’s growth is not yet exhausted. The chart structure is strong enough for further upward movement. With the rise from $39,000 to $47,000, we see two small stops where consolidation takes place. These are the places where sellers try to keep the price down. Candlestick analysis also indicates a continuation of the movement.</span></p><p><span style="font-weight:400">Based on this, we expect a new rise in Bitcoin to the $50,000 level in the coming days. We will most likely see a large number of commits at this level. This will open the way for further goals. Don’t need to wait for a better moment, buy bitcoin in just minuties, by simply using <a href="https://wallet.crypterium.com">a bank card</a> with Crypterium.</span></p><p> </p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/blockchain">Blockchain</a></li><li><span>Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500 - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500 - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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$47,500","date_created":"2021-02-09T05:22:05.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2021/02/daily_analysis_09.02.jpg","seo_image":null,"category":{"id":"64","title":"Blockchain","slug":"blockchain","translations":[{"title":"Blockchain","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Bitcoin Grew Up by 20% and Set New ATH at $47,500","content":"\u003chr /\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYesterday, the price of Bitcoin came in the range of $45,000 \u0026#8211; $50,000. Trading volume also jumped almost 2 times and amounted to $112 billion over the past day.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs a result of this dramatic move, positions totaling over $1 billion were liquidated. These liquidations only spurred the price movement upward. But why did the Bitcoin price soar? Let\u0026#8217;s figure it out.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis growth was prompted by the fact that yesterday it became known that the large car company Tesla acquired Bitcoin worth $1.5 billion in January 2021. They also announced that they will introduce payment for their products for Bitcoin. All this provoked the highest surge in activity in the Bitcoin market.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMany people rushed to buy Bitcoin, as a result of which its price increased significantly and broke the ATH at the $42,000 level. At the same time, some large crypto exchanges, such as Binance, could not withstand such a massive load on the site and remained unavailable for some time.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRecall that the head of Tesla is Elon Musk, who in the past two weeks has been actively promoting cryptocurrencies, in particular Bitcoin and Dogecoin. It is possible that all these are links in one chain and these events are interconnected.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo now Bitcoin is worth $47,500. What will happen next? To do this, let\u0026#8217;s take a look at the chart:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-10292\" src=\"https://webinar.choise.com/wp/2021/02/btc-14-btc.png\" alt=\"\" width=\"1470\" height=\"896\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBased on the chart, Bitcoin\u0026#8217;s growth is not yet exhausted. The chart structure is strong enough for further upward movement. With the rise from $39,000 to $47,000, we see two small stops where consolidation takes place. These are the places where sellers try to keep the price down. Candlestick analysis also indicates a continuation of the movement.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBased on this, we expect a new rise in Bitcoin to the $50,000 level in the coming days. We will most likely see a large number of commits at this level. This will open the way for further goals. Don\u0026#8217;t need to wait for a better moment, buy bitcoin in just minuties, by simply using \u003ca href=\"https://wallet.crypterium.com\"\u003ea bank card\u003c/a\u003e with Crypterium.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e","short_content":"In just a day, the price of Bitcoin soared by 20% and set the new ATH at $47,500. Yesterday we predicted this movement and our forecast turned out to be fully justified.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"blockchain","slug":"crypto-daily-bitcoin-ath-47500"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>