Bitcoin has jumped to the $41,000 support level and is holding steady in positive territory. Since January 26, 2023, each Bitcoin has seen an impressive increase of $18,000 in value, marking a year-over-year surge of 78.2% as of this Friday.
Bitcoin retraced back to the $40,000 support and has remained within the $41,000 range in the last few hours. The last time Bitcoin touched the $41,000 mark was on January 22, 2024, during a downward trend. Subsequent to this price point, it gradually declined, losing support and falling to $39,000.
The Bitcoin advisor to the President of El Salvador, Max Keiser, identifies a new short-term goal, aiming to push the Bitcoin price to $50,000.
On January 23, Bitcoin experienced a setback, dropping to $38,000, and has since fluctuated between $39,000 and $40,000. As of this Friday morning, Bitcoin has stabilized at $41,000 and has consistently stayed above the $40,000 mark.
The lowest value Bitcoin touched in the last 24 hours was around $39,538.05, while the highest surged to $41,417.87. As of 10:10 a.m., the asset hovered around $41,281.14, representing a 4.4% increase from its short-term low.
Despite recent fluctuations and a brief stint at the $48,000 support on January 11, Bitcoin remains above its value from a year ago.
On January 26, 2023, the cryptocurrency was trading around $23,000, a significant $18,000 less than the current price, reflecting a remarkable 78.2% increase. The current average price of Bitcoin has only increased by 2.3% since the beginning of 2024 when the cryptocurrency was valued at $41,000.