A few seconds to the time of writing, Bitcoin flipped the $46k resistance. It is noteworthy because this the first time since January 6 that the apex coin is returning above the said mark. With the increase thrilling the bulls, the bears are at the receiving end as short positions worth a little above $40 million got REKT over the last 4 hours.
The hike started as BTC was losing momentum and many concluded the current intraday session may end with the apex coin down by a few percent. According to Cryptocurrenciestowatch, the hike above $46k took barely 30 minutes.
The latest move has garnered a lot of reaction from traders. While some are skeptical and call the latest pump a ploy to delay the an inevitable drop to $42k others believe the next shot will be at $50k.
Source: https://coinfomania.com/bitcoin-flips-46000-for-the-first-time-since-january/#utm_source=rss&%23038;utm_medium=rss&%23038;utm_campaign=bitcoin-flips-46000-for-the-first-time-since-january