BTC becomes legal tender in El Salvador: 5 things to watch in Bitcoin this week

Cointelegraph

Published Sep 06, 2021 04:30AM ET

Updated Sep 06, 2021 07:00AM ET

Bitcoin (BTC) starts a new week in a new price range above $51,000 — has it beaten crucial resistance?

After the weekend turned from sideways to surge for BTC price action, bulls are now targeting $54,000 and higher.

BTC/USD buy and sell levels (Binance) as of Sept. 5. Source: Material Indictors/Twitter
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
Bitcoin difficulty chart. Source: Blockchain.com
Bitcoin stock-to-flow chart. Source: PlanB/Twitter
Crypto Fear & Greed Index. Source: Alternative.me
Bitcoin funding rates chart. Source: Bybt

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