Here's How Much Resistance Bitcoin Needs to Break to Reach $47,000 Again

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Here's How Much Resistance Bitcoin Needs to Break to Reach $47,000 Again
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Bitcoin traders have to buy more than 1.9 million $BTC before seeing $47,000 again

After the most recent correction on the market, Bitcoin's profitability has dropped to 57%, with 36% of all holders trading or holding Bitcoin at a loss. At press time, Bitcoin is trading at $41,585 and losing 3.8% of its value during the day.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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