Cointelegraph.comHodler'sHodler's Digest

Bitcoin’s next move, Elon Musk’s promotion, the toilet paper NFT: Hodler’s Digest, March 14–20

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBullishness for Bitcoin continues despite its struggle to reclaim $60,000Bitcoin dazzled us all last Saturday with a dramatic surge to new all-time highs at $61,683.86. But the market spent little time in record territory, with a sharp pullback taking prices to lows of $53,555.03 by Tuesday. Although BTC has recovered to some extent, it is now facing strong resistance at the $60,000 level.CrossTower head of trading Chad Steinglass said some resistance is to be expected, and once these levels are surpassed, they become support. He added: It will take a bit of chipping away to break through $60,000 with any kind of authority.But its worth taking a moment to reflect on Bitcoins progress. As Cointelegraph Markets analyst Michal van de Poppe notes, BTC has accelerated from $11,000 to $60,000 in just six months. He believes $60,000 is the final key resistance level before the next impulse wave toward $68,000 can happen.Speaking to Cointelegraph, eToro CEO Yoni Assia explained that a confluence of circumstances is contributing to the current bull run, including the economic situation in the U.S. sparked by the coronavirus pandemic. Kraken growth lead Dan Held added that BTC is currently experiencing a supercycle that could propel it all the way to $1 million and described it as a one in 100 …
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