Why Bitcoin Looks Ready for Blast-Off

Why Bitcoin Looks Ready for Blast-Off
Stock photo of the cryptocurrency Bitcoin. Kanchanara/Unsplash
Benzinga
Updated:

Bitcoin was trading almost 3 percent higher on Thursday as it attempted to bust up through a resistance area at the $45,814.61 level.

The cryptocurrency market has been on an upswing in recent weeks after apex cryptos Bitcoin and Ethereum hit bottom on Jan. 24 at the $32,933.33 and $2,159 mark, respectively.