Will Bitcoin Price Hit $50,000 In 2021?
KEY POINTS
Bitcoin was briefly rejected at $50,000
Anthony Scaramucci said the price should go up soon
With Bitcoin continuing to rally to new all-time highs every week, questions remain regarding whether it can break $50,000 after the first effort was met with immediate resistance.
On Sunday, Bitcoin traded as high as $49,714, a new all-time high, before closing at an all-time daily high of $48,680. The following day, however, a reversion occurred, with Bitcoin currently trading at $46,731 at the time of writing. There was a clear sell volume, and many investors might be looking to profit at a perceived psychological resistance of $50,000.