BTC price further crushes resistance, nears $53K on El Salvador ‘Bitcoin Day’

Bitcoin (BTC) targeted $53,000 on Tuesday as fears of a fresh BTC price dip faded above crucial resistance.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

”No going back” after El Salvador Bitcoin adoption

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new highs of $52,960 on Bitstamp overnight.

After a swift retest of the $51,000 level — the lower boundary of what was previously a large wall of selling pressure — Bitcoin bounced back with a…


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