{"id":10559,"date":"2024-02-09T10:37:49","date_gmt":"2024-02-09T08:37:49","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-surpasses-47000\/"},"modified":"2024-02-09T10:37:49","modified_gmt":"2024-02-09T08:37:49","slug":"bitcoin-surpasses-47000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surpasses-47000\/","title":{"rendered":"Bitcoin Surpasses $47,000"},"content":{"rendered":"<p>On the morning of February 9, the price of the leading cryptocurrency held above $46,000.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">February 9, 2024 | 14:58<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Bitcoin&#8217;s price continued its upward trajectory, surpassing $47,000. At the time of writing, the asset is near $47,200, having gained 5.4% in the past 24 hours (CoinGecko).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"727\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-02-09_14-55-36-1024x727.png\" alt=\"BTCUSDT_2024-02-09_14-55-36\" class=\"wp-image-225718\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-02-09_14-55-36-1024x727.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-02-09_14-55-36-300x213.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-02-09_14-55-36-768x545.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-02-09_14-55-36.png 1237w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart from Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\" title=\"\">TradingView<\/a>.<\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">February 9, 2024 | 15:25<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Ethereum has gained 3.9% in the past 24 hours. At the time of writing, the second-largest cryptocurrency by market capitalization is holding above $2,500.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"735\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT_2024-02-09_15-24-55-1024x735.png\" alt=\"ETHUSDT_2024-02-09_15-24-55\" class=\"wp-image-225727\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT_2024-02-09_15-24-55-1024x735.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT_2024-02-09_15-24-55-300x215.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT_2024-02-09_15-24-55-768x551.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT_2024-02-09_15-24-55.png 1223w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute ETH\/USDT chart from Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHUSDT\/?exchange=BINANCE\" title=\"\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/50aokniqLLgVAsInY2ZC-DBnMVrlIgIOZBLfJImm5SW1y2RLTgeYyIlrv0-vbnTySFIOQBu5o3YgIFkuRySH_JcBZl0KEBv4WGmKrFJsr9tDjpEhYJ_Z9nWGIZ723WY3Id1nFkBcklKkzaZvWfO5Pms\" alt=\"Bitcoin price exceeds $47,000\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Over the past day, digital gold has appreciated by 4%. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>, its market capitalization has reached $906 billion with a trading volume of $29 billion.<\/p>\n<p>The cryptocurrency fear and greed index has reached 72, indicating buyer pressure.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/gDhoWgRH8saVsoRRuLAUBjgtSJFOGspkoyUcvOrfW5w-cFUlMCAzHH6LbFJlRo2taIbkH3se5WZSFxtUhLrFKrLBNGGtf_Qa3LQLJY4lSpxOWBp8uQGs9CFSjlV2Zl7GRfHP_24qh5S6Ngg9oRzjWxo\" alt=\"Bitcoin price exceeds $47,000\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">alternative.me<\/a>.<\/figcaption><\/figure>\n<p>Other digital assets in the top 10 by market capitalization also entered the &#8220;green zone&#8221;.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/j3489h7h0r1ReTSw6qOqBXop1tl5KedYcc-IVd2Ye7oqDHgpjOPibQIubhU5AmBbLSWt1Hhv0o1DqMjLKI215JeLn71xM0rc9xu1nIhcSZzJ5cyzHGLrNt1I12_JoQeqRmAU6YrK5WE4TA_cAW0tp7w\" alt=\"Bitcoin price exceeds $47,000\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>MN Trading founder Micha\u00ebl van de Poppe noted that Bitcoin &#8220;is showing tremendous strength.&#8221; He suggested that the asset might consolidate in the $38,000-$50,000 range.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is above $45K and showing a lot of strength!<\/p>\n<p>Between $38-50K is the defined range and the expectance that we&#8217;ll consolidate.<\/p>\n<p>Positive impact of the ETF = priced in.<br \/>Negative impact of the ETF = priced in.<\/p>\n<p>Now we&#8217;re back to regular, organic growth of the markets. <a href=\"https:\/\/t.co\/DBNqARPeRW\">pic.twitter.com\/DBNqARPeRW<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1755594648649932861?ref_src=twsrc%5Etfw\">February 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The positive impact of [spot] ETFs is priced in. The negative impact of ETFs is also priced in. Now we&#8217;re back to regular, organic growth of the markets,&#8221; the expert added.<\/p>\n<\/blockquote>\n<p>Analysts at LMAX Group emphasized that the leading cryptocurrency has broken through a &#8220;short-term consolidation level.&#8221; This has opened the path for growth to $50,000, with lower support at $41,800, according to the company.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>: Recent consolidation broken opening the door for push through $50k. February 1st low now comes in as key short-term level to watch below. <a href=\"https:\/\/twitter.com\/search?q=%24BTCUSD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTCUSD<\/a> <a href=\"https:\/\/t.co\/b0SwIp2OZp\">pic.twitter.com\/b0SwIp2OZp<\/a><\/p>\n<p>\u2014 LMAX Group (@LMAX) <a href=\"https:\/\/twitter.com\/LMAX\/status\/1755472522714223021?ref_src=twsrc%5Etfw\">February 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Prior to the rise, an analyst known as Ali <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1755693199627018519\">highlighted<\/a> the <a href=\"https:\/\/www.investopedia.com\/supertrend-indicator-7976167#:~:text=The%20Supertrend%20Indicator%20is%20a%20popular%20technical%20analysis%20tool%20designed,to%20plot%20the%20supertrend%20line.\">Supertrend Indicator<\/a>, which signaled a buy on Bitcoin&#8217;s monthly chart at around $45,000.<\/p>\n<p>Popular blogger PlanB has suggested that after the upcoming halving, Bitcoin will become scarcer than gold and real estate, with its price reaching $500,000.<\/p>\n<p>However, DecenTrader has suggested a sell-off might occur after the halving of miners&#8217; rewards. They predict Bitcoin will reach a new all-time high in the fourth quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the morning of February 9, the price of the leading cryptocurrency held above $46,000. February 9, 2024 | 14:58Update: Bitcoin&#8217;s price continued its upward trajectory, surpassing $47,000. At the time of writing, the asset is near $47,200, having gained 5.4% in the past 24 hours (CoinGecko). 15-minute BTC\/USDT chart from Binance. Data: TradingView. February [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-10559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10559"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10558"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}