Bitcoin has been trading above $45,000 today after reaching a recent high over the weekend. At this point, the cryptocurrency was trading at its highest since May 16, additional CoinDesk data shows. After climbing to its highest in almost three months, bitcoin fell back somewhat, declining to almost $45,600 yesterday, before rallying above $48,000 again today. “It means that buyers are aggressive and are willing to come in at higher levels.”He also spoke to the digital currency’s key resistance. “This might create a golden opportunity to buy BTC on small dips at $43k.”Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes August 16, 2021 18:04 UTC