Bitcoin has, for the first time in history, broken above the $50,000 mark. The journey to this incredible milestone became apparent over the weekend, but bulls lost steam. The flagship cryptocurrency was forced to retreat to $46,000, allowing more buyers to join the bandwagon.
The break above $50,000 comes at a time; the entire cryptocurrency market is building momentum. For instance, Ethereum is back to trading above $1,800 while focusing on a breakout to $2,000.
Bitcoin must sustain the trend above $50,000 to continue with the remaining half of the journey to $100,000. For now, the least resistance path is upwards amid widespread gains across the market.
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