Bitcoin Price Analysis: BTC breaks $50,000, more upside to follow?

TL;DR Breakdown Bitcoin price analysis is bullish today.BTC/USD breaks the $50,000 major resistance.Bitcoin to reach $51,500 next. Bitcoin price analysis indicates bullish momentum to follow today as bulls have finally pushed above the $50,000 mark after a slight retracement overnight. Therefore, we expect BTC/USD to continue advancing today and reach the $51,500 resistance next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a bullish momentum over the last 24 hours. The market leader, Bitcoin, is up by 2.7 percent and has finally breached the $50,000 mark, while Ethereum is up by 3.21 percent. Binance Coin (BNB) is among the best performers today, with a gain of over 9 percent. Bitcoin price movement in the last 24 hours: Bitcoin breaks above $50,000 BTC/USD traded in a range of $48,199.94 – $50,482.08, indicating mild volatility over the last 24 hours. Trading volume has increased by 7.81 percent and totals $31.36 billion, while the total market capitalization trades around $944.6 billion. BTC/USD 4-hour chart: BTC targets the $51,500 mark next? On the 4-hour chart, we can see the Bitcoin price action moving past the $50,000 significant resistance, which should lead towards further upside later today. BTC/USD 4-hour chart. Source: TradingView Bitcoin price action has seen a strong advance over the past month. After a new swing low was set above the $29,500 support, BTC/USD rallied ...