After hitting $20,000, the $21,000 mark was set as a milestone level for Bitcoin to make any significant upward surge. According to a Cointelegraph report, heatmaps from exchanges showed that there were sell orders set for prices between $21,000 $21,500, suggesting that Bitcoin needed to surpass those levels to see more robust upward movement.
If Bitcoin hits $55,000, it would be matching up to 10% of gold’s total market cap. Regardless, any price above $50,000 would lead to notable competition in market cap to that of gold.
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